FRANCO MANCA 2 UK LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Given the undertaking of financial support from Toridoll Holdings Corporation, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these accounts. Consequently, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. FRANCO MANCA 2 UK LIMITED · parent
   1. FM6 Limited 100% · England and Wales · Property Holding
   2. FM111 Limited 100% · England and Wales · Dormant
   3. FM98 LTD Limited 100% · England and Wales · Dormant
   4. Franco Manca International Limited 100% · England and Wales · Restaurant Franchising
   5. FM Catherine the Great Limited 100% · England and Wales · Dormant

Significant events

• “In July 2023, the Company's ultimate parent company, The Fulham Shore Limited, was acquired by The Fulham Shore Group Limited, a newly formed subsidiary of Toridoll Holdings Corporation.”
• “Appointment in December 2023 of FM's new Chief Executive Officer, Marcel Khan, and wider restructuring of its leadership team.”
• “During the year, the Company continued to optimise its UK portfolio of pizzerias, opening two new locations and strategically closing two.”
• “Turnover for the period increased 9% year-on-year to £70,105,000 (2023: £64,504,000).”
• “The Company impaired the carrying value of seven (2023: five) restaurants by £3,368,000 and reversed the previous impairment against the carrying value of two (2023: five) restaurants by £654,000.”
• “As at 31 March 2024, the Company held cash of £122,000 (2023: £1,432,000) after repaying £1,326,000 in loans from parent undertaking.”
• “Following the year end, Toridoll confirmed its intention to provide a £20.75m subordinated loan facility.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +8.7%

  £64,504,000 → £70,105,000

• Cash

  -91.5%

  £1,432,000 → £122,000

• Net assets

  -35.7%

  £8,889,000 → £5,712,000

• Employees

  -0.3%

  1,407 → 1,403

• Operating profit

  -43.6%

  £3,646,000 → £2,055,000

• Profit before tax

  -724.2%

  -£413,000 → -£3,404,000

• Wages

  +18.7%

  £21,786,000 → £25,865,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers