CHEF WORKS EUROPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-04 (in 1y)
Last made up 2026-04-20
Watchouts
Cash
£3M
+40.3% highest in 3 filed years
Net assets
-£24M
-70.3% lowest in 3 filed years
Employees
144
-25.8% vs 2023
Profit before tax
-£10M
-91.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
At 31 December 2024 the group balance sheet showed net liabilities of circa £23m and the profit and loss account for the year shows a loss of over £9m. The company's director believes the going concern basis continues to be the appropriate basis on which to prepare accounts but this depends upon the continued support of the company's and group's principal creditors (shareholders and companies connected to its shareholders) and wider group companies.
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £24,378,553 | £19,097,018 | |
| Operating profit | — | — | — | -£4,116,807 | -£8,709,803 | |
| Profit before tax | — | — | — | -£5,082,708 | -£9,732,877 | |
| Net profit | -£485,829 | — | — | -£5,135,474 | -£9,823,547 | |
| Cash | £24,364 | — | — | £2,014,275 | £2,825,131 | |
| Total assets less current liabilities | — | — | — | £1,631,943 | -£8,257,641 | |
| Net assets | -£654,915 | — | — | -£13,971,450 | -£23,794,997 | |
| Equity | — | -£7,072,976 | -£8,836,076 | -£13,971,450 | -£23,794,997 | |
| Average employees | 15 | — | — | 194 | 144 | |
| Wages | £492,354 | — | — | £7,510,244 | £6,871,843 | |
| Directors' remuneration | — | — | — | £249,367 | £249,367 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-21.7%
£24,378,553 £19,097,018
-
Cash
+40.3%
£2,014,275 £2,825,131
highest in 3 filed years
-
Net assets
-70.3%
-£13,971,450 -£23,794,997
lowest in 3 filed years
-
Employees
-25.8%
194 144
-
Operating profit
-111.6%
-£4,116,807 -£8,709,803
-
Profit before tax
-91.5%
-£5,082,708 -£9,732,877
-
Wages
-8.5%
£7,510,244 £6,871,843
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -16.9% | -45.6% | |
| Net margin | — | — | — | -21.1% | -51.4% | |
| Return on capital employed | — | — | — | -252.3% | 105.5% | |
| Gearing (liabilities / total assets) | — | — | — | 199.3% | 306.5% | |
| Current ratio | — | — | — | 1.01x | 0.46x | |
| Interest cover | — | — | — | -3.55x | -6.94x |
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.
Name history
Renamed 2 times since incorporation
- CHEF WORKS EUROPE LIMITED 1999-11-15 → present
- INDUSTRIAL WORKWEAR SPECIALISTS LIMITED 1994-07-29 → 1999-11-15
- JACKBEST LIMITED 1994-05-27 → 1994-07-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Buckle Barton Limited
- Audit opinion
- Disclaimer of opinion
- Going concern
- Material uncertainty disclosed
“At 31 December 2024 the group balance sheet showed net liabilities of circa £23m and the profit and loss account for the year shows a loss of over £9m. The company's director believes the going concern basis continues to be the appropriate basis on which to prepare accounts but this depends upon the continued support of the company's and group's principal creditors (shareholders and companies connected to its shareholders) and wider group companies.”
Group structure
- CHEF WORKS EUROPE LIMITED · parent
- Bragard Group 100%
- Bragard SAS 100%
- Bragard GmbH 100%
- Bragard Italia SRL 100%
- Bragard Espana SL 100%
- Bragard SA/NV 100%
- Bragard Suisse AG 100%
- Bragard Limited 100%
- Bragard LLC 49%
- Bragard Auvergne Rhones Alpes 100%
Significant events
- “In early 2024 the Company appointed forensic accountants in France to conduct a thorough review of the business of Bragard SAS ("BSAS"). On April 9th 2024 BSAS filed for Judicial receivership. The severance costs of the DREET, approximating EUR 1.5M, are funded by the French Government. A proposal has been made in 2025 that would mean Chef Works Europe Limited effectively waives an amount due from BSAS of around £5.5m plus accumulated interest.”
- “In March 2025 Chef Works Europe Limited and Bragard SAS entered into an agreement with a company to settle a dispute in respect of the use of certain brand names and domain names. The settlement will entail a payment of €2,304,432 by the two companies.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GROSS, Victoria | Secretary | 2003-04-01 | — | British |
| GROSS, Paul | Director | 1994-07-01 | Feb 1965 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GAWTHORPE, Lee | Secretary | 1995-11-17 | 1996-09-13 |
| LENNOX, Diane Mary | Secretary | 1994-07-01 | 1995-11-17 |
| YOUNG, Simon Christopher Craig | Secretary | 1996-11-01 | 2003-03-31 |
| RWL REGISTRARS LIMITED | Corporate Nominee Secretary | 1994-05-27 | 1994-07-01 |
| MEYER, Lawrence Jeffrey | Director | 2001-09-28 | 2008-09-15 |
| TYFIELD, Laurence Anthony David | Director | 2001-09-28 | 2008-09-15 |
| BONUSWORTH LIMITED | Corporate Nominee Director | 1994-05-27 | 1994-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Chef Works International Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 105 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type group | |
| 2024-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | AA | accounts | Accounts with accounts type group | |
| 2023-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-03 | AAMD | accounts | Accounts amended with accounts type group | |
| 2022-12-29 | AA | accounts | Accounts with accounts type group | |
| 2022-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-02 | AA | accounts | Accounts with accounts type group | |
| 2021-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-08 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2020-01-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2019-08-15 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-05-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2018-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.