GIGGLING RESTAURANTS LTD

• ⚠

  Material uncertainty over going concern

  The Group's principal banking facility (£19.51m drawn at 30 March 2025) is scheduled for repayment in June 2026, with BGF's loan notes (£2.22m) and associated accrued long-term dividend also falling due on 30 June 2026. Refinancing discussions have commenced with Barclays ahead of the maturity date, and both parties have expressed a strong interest in extending the facility, likely for a further three-year term. Given the longstanding and constructive relationship with Barclays, and the Group's proven track record in executing similar refinancing arrangements, the Directors anticipate that a refinancing will be completed prior to June 2026, alongside an extension of the BGF obligations to align with the revised bank facility tenor. As this refinancing and extension have not been formally agreed at the date of approval of the accounts, a material uncertainty exists which may cast doubt on the Group's ability to continue as a going concern.

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

Consolidated group

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group's principal banking facility (£19.51m drawn at 30 March 2025) is scheduled for repayment in June 2026, with BGF's loan notes (£2.22m) and associated accrued long-term dividend also falling due on 30 June 2026. Refinancing discussions have commenced with Barclays ahead of the maturity date, and both parties have expressed a strong interest in extending the facility, likely for a further three-year term. Given the longstanding and constructive relationship with Barclays, and the Group's proven track record in executing similar refinancing arrangements, the Directors anticipate that a refinancing will be completed prior to June 2026, alongside an extension of the BGF obligations to align with the revised bank facility tenor. As this refinancing and extension have not been formally agreed at the date of approval of the accounts, a material uncertainty exists which may cast doubt on the Group's ability to continue as a going concern.”

Group structure

1. GIGGLING RESTAURANTS LTD · parent
   1. Chokdee Ltd
   2. Limesqueezy Ltd

Significant events

• “three new openings in the year”
• “Muswell Hill site ... decision to close the site post year end”
• “supply chain being brought in house in the year, including a new warehousing facility, based in Leicester”
• “The Group opened three new restaurants in the period”
• “Site closed 27 July 2025. Management has assessed that conditions for impairment crystallised post year end and an impairment will be recognised for the carrying amount of the sites assets in the subsequent financial year. At year end 30 March 2025 the carrying amount of the assets at Muswell Hill were £1.04m.”

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

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -2.2%

  £78,687,590 → £76,980,404

• Cash

  -16.9%

  £2,974,140 → £2,470,181

• Net assets

  -5,964.5%

  -£4,540 → -£275,329

• Employees

  -3.5%

  1,630 → 1,573

• Operating profit

  -25.5%

  £3,605,335 → £2,687,640

• Profit before tax

  -78.7%

  £1,535,843 → £326,515

• Wages

  +2%

  £29,360,694 → £29,948,581

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