RARE RESTAURANTS LTD

1. RARE RESTAURANTS LTD 2019-04-03 → present
2. LOMO BIDCO LIMITED 2018-08-30 → 2019-04-03

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As the Company does not trade it is reliant upon financial support to ensure it can adequately meet financial obligations as they fall due. The parent company, Lomo Topco Limited, has committed to providing financial support to the Company, to the extent required, for the period from the approval of the financial statements up to 31 December 2026, which is more than 12 months from the date of approval of the financial statements.”

Group structure

1. RARE RESTAURANTS LTD · parent
   1. Gioma (UK) Limited 100% · England · Restaurateur
   2. MW Restaurants Limited 100% · England · In liquidation
   3. MW Restaurants (Social) Limited 100% · England · In liquidation
   4. MW Wine Store Online Limited 100% · England · Dormant
   5. MW Restaurants (Canary Wharf) Limited 100% · England · In liquidation
   6. Gaucho Licensing Limited 100% · England · Dormant

Significant events

• “On 6 June 2025, the Directors voluntarily appointed a liquidator with the intention of winding up MW Restaurants Limited and its subsidiaries. The company therefore made a provision to impair its investment in MW Restaurants Limited.”
• “During the period the group restructured its debt. The Company repaid all its existing facilities and entered into a new senior debt facility, repayable in January 2028. At the same time, it reduced bank borrowing in subsidiaries of the Company and increased the value of loan notes held by its ultimate parent. These funds were subsequently lent back down through the group, thereby increasing intercompany creditors.”
• “During the period the Company also subscribed to 27,823,783 new ordinary shares of £1 each in its subsidiary, Gioma (UK) Limited.”
• “The Company has provided to GLAS Trust Corporation Limited on behalf of Investec Bank Plc and SC Lowy P.I. (Lux) S.a.r.l, a debenture in respect of bank borrowings advanced to Gioma (UK) Limited; and has guaranteed the liabilities of these borrowers under the Senior Facilities Agreement dated 27 September 2024.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -997.8%

  -£1,150,617 → -£12,631,569

• Employees

  —

  Not reported

• Operating profit

  -1,458%

  £708,114 → -£9,615,846

• Profit before tax

  -2,201.7%

  -£498,810 → -£11,480,952

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