TME TOPCO 2 LIMITED

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

“The directors have a reasonable expectation that the financial support of its parent company will continue, and that the Company will generate adequate resources to continue in operational existence and meet its liabilities to any third parties for the foreseeable future. As a consequence, the directors believe that the Company is well placed to manage its business risks successfully. The Company continues to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. TME TOPCO 2 LIMITED · parent
   1. TME Topco Limited 99.94% · United Kingdom · Holding
   2. Spinach Principalco SAS 99.94% · France · Holding
   3. Spinach MFCO SAS 99.94% · France · Hospitality

Significant events

• “During 2025, an additional funding of EUR 14,000,000 was provided by the Company's parent, Antelope Holdings S.à r.l., to the Popeyes France group, primarily to fund the opening of additional sites and operational expenses.”
• “Popeyes France group currently operates 25 restaurants and expects to open 6 additional sites before the end of 2025. The Company will continue to hold investment in Popeyes France companies.”

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

Filings

11

last 12 months

Capital events

5

last 24 months

Officers appointed

0

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

  —

  Not reported

• Cash

  -71.4%

  £22,079 → £6,313

• Net assets

  +71.6%

  £43,137,403 → £74,004,178

• Employees

  +50%

  2 → 3

• Profit before tax

  +62.9%

  -£385,370 → -£142,868

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