PIZZAEXPRESS FINANCING 2 PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-29
Confirmation statement due
2026-12-28 (in 7mo)
Last made up 2025-12-14
Watchouts
Cash
£32K
0% vs 2023
Net assets
-£246M
-1.6% vs 2023
Employees
—
Average over period
Profit before tax
-£3M
+44.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- PIZZAEXPRESS FINANCING 2 PLC 2014-10-13 → present
- TWINKLE PIZZA PLC 2014-07-07 → 2014-10-13
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-29
| Metric | Trend | 2023-12-31 | 2024-12-29 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£1,896,000 | -£2,157,000 | |
| Profit before tax | -£5,837,000 | -£3,239,000 | |
| Net profit | -£5,181,000 | -£3,895,000 | |
| Cash | £32,000 | £32,000 | |
| Total assets less current liabilities | £71,267,000 | £67,372,000 | |
| Net assets | -£242,412,000 | -£246,307,000 | |
| Equity | -£242,412,000 | -£246,307,000 | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-29 |
|---|---|---|---|
| Return on capital employed | -2.7% | -3.2% | |
| Current ratio | 1.20x | 1.19x | |
| Interest cover | -0.30x | -0.59x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board considers that these appropriately demonstrate the ability of the Group to meet its obligations for at least twelve months from the date of signing.”
Group structure
- PIZZAEXPRESS FINANCING 2 PLC · parent
- PizzaExpress Group Limited 100%
- PizzaExpress International Holdings Limited 100%
- PizzaExpress UAE Holdings Limited 100%
- PizzaExpress Operations Limited 100%
- PizzaExpress (Franchises) Limited 100%
- PizzaExpress (Restaurants) Limited 100%
- Bookcash Trading Limited 100%
- PizzaExpress (Wholesale) Limited 100%
- PizzaExpress Merchandising Limited 100%
- Agenbite Limited 100%
- PizzaExpress Limited 100%
- PizzaExpress (Jersey) Limited 100%
- PizzaExpress (West) Limited 100%
- Jordana Restaurants LLC 100%
- PizzaExpress (Hong Kong) Limited 100%
- Hunton House Limited 100%
- Roll & Shake Limited 100%
- PizzaExpress Newco Limited 100%
- PizzaExpress US Limited 100%
Significant events
- “On 2 April 2025, to strengthen the balance sheet of the Group, certain of the Group's shareholders have agreed to provide the Group with £20,000,000 of new equity, the proceeds of which the Group will use, together with £35,000,000 of balance sheet cash, to fund a £55,000,000 pro rata par cash paydown of the Existing Notes.”
- “In addition, the Group announced that it had reached agreement with more than 97% of the Existing Noteholders, to extend maturities until September 2029 (the "Refinancing"). The extended remaining Existing Notes (the "New Notes") carry a coupon of 9.875% per annum paid biannually.”
- “On completion of the Refinancing, the Group will therefore have in place £280,000,000 of New Notes at a coupon of 9.875%, together with the RCF, as detailed above.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SANDHU, Mandeep Kaur | Secretary | 2024-04-06 | — | — |
| ELLIOT, Colin David | Director | 2025-01-13 | Jul 1964 | British |
| MACKENZIE, Paula Jane | Director | 2022-06-06 | Apr 1977 | British |
| SANDHU, Mandeep Kaur | Director | 2021-10-21 | Aug 1976 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Joanne Clare | Secretary | 2021-03-01 | 2024-04-06 |
| PELLINGTON, Andrew David | Secretary | 2015-02-05 | 2021-02-28 |
| YIN, So Wai | Secretary | 2014-07-07 | 2015-02-05 |
| ADAMS, David Alexander Robertson | Director | 2020-08-26 | 2022-07-29 |
| BENNETT, Joanne Clare | Director | 2021-03-01 | 2024-04-06 |
| CAMPBELL, David Lachlan | Director | 2020-11-13 | 2021-10-13 |
| HODGSON, Richard Paul | Director | 2014-09-16 | 2017-05-30 |
| LAFON, Beatrice Madeleine, Valerie, Dr | Director | 2020-08-26 | 2020-11-05 |
| LI, Mo | Director | 2020-08-27 | 2020-11-05 |
| PELLINGTON, Andrew David | Director | 2014-09-16 | 2021-02-28 |
| SHAO, Xiaoxin | Director | 2016-05-05 | 2020-08-27 |
| WANG, Jinlong | Director | 2015-04-30 | 2020-11-05 |
| WANG, Xiaolong | Director | 2014-09-16 | 2016-05-05 |
| YUAN, Bing | Director | 2014-07-07 | 2020-11-05 |
| ZHAO, John Huan | Director | 2014-07-07 | 2015-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wheel Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-05 | Ceased 2024-06-18 |
| Crystal Bright Developments Limited | Corporate entity | Shares 75–100%, ownership-of-shares-25-to-50-percent-as-firm, Voting 75–100%, voting-rights-25-to-50-percent-as-firm, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2016-06-07 | Ceased 2016-07-07 |
| Pizzaexpress Financing 1 Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-11-05 |
Filing timeline
Last 20 of 93 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-05-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | AD02 | address | Change sail address company with old address new address | |
| 2024-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-06-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-09 | CH01 | officers | Change person director company with change date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-14 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-29 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
0%
£32,000 £32,000
-
Net assets
-1.6%
-£242,412,000 -£246,307,000
-
Employees
—
Not reported
-
Operating profit
-13.8%
-£1,896,000 -£2,157,000
-
Profit before tax
+44.5%
-£5,837,000 -£3,239,000
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