PRET A MANGER (USA) LIMITED
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Cash
£1.4M
-26.8% lowest in 3 filed years
Net assets
-£421M
0% vs 2025
Employees
364
-16.3% lowest in 3 filed years
Profit before tax
-£28M
-74.9% vs 2025
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Directors have performed a going concern assessment... Company will require additional funds, through funding from its parent company... Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Staples median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-01
| Metric | Trend | 2023-12-28 | 2025-01-02 | 2026-01-01 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £85,804,000 | £55,861,000 | £63,518,000 | +13.7% | |
| Operating profit | -£14,472,000 | £5,617,000 | -£7,066,000 | -225.8% | |
| Profit before tax | -£37,368,000 | -£16,089,000 | -£28,145,000 | -74.9% | |
| Net profit | -£34,637,000 | -£15,664,000 | -£28,934,000 | -84.7% | |
| Cash | £5,750,000 | £1,921,000 | £1,407,000 | -26.8% | |
| Total assets less current liabilities | -£547,000 | £19,471,000 | £13,371,000 | -31.3% | |
| Net assets | -£397,104,000 | -£420,998,000 | -£420,854,000 | 0% | |
| Equity | — | — | — | — | |
| Average employees | 804 | 435 | 364 | -16.3% | |
| Wages | £28,810,000 | £13,285,000 | £11,330,000 | -14.7% | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-28 | 2025-01-02 | 2026-01-01 |
|---|---|---|---|---|
| Operating margin | -16.9% | 10.1% | -11.1% | |
| Net margin | -40.4% | -28.0% | -45.6% | |
| Return on capital employed | — | 28.8% | -52.8% | |
| Gearing (liabilities / total assets) | 452.9% | 728.2% | 884.1% | |
| Current ratio | 3.65x | 0.21x | 0.14x | |
| Interest cover | -0.63x | 0.26x | -0.33x |
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 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Directors have performed a going concern assessment... Company will require additional funds, through funding from its parent company... Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”
Group structure
- PRET A MANGER (USA) LIMITED · parent
- Empire JointStar, Inc. 100%
- Pret 100 Central Park South Inc. 100%
- Pret 101 Arch Street Inc. 100%
Significant events
- “In October 2025, the Company acquired 100% of the shareholding of Empire JointStar, Inc.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHRISTOU, Panayioti Michael Andrew | Secretary | 2019-09-17 | — | — |
| ATHAYDE, Felipe | Director | 2025-11-25 | Dec 1978 | American |
| BILLETT, Laurence Kenneth | Director | 2025-11-25 | Feb 1954 | American |
| CHRISTOU, Panayioti Michael Andrew | Director | 2019-05-23 | Nov 1977 | British |
| MOLINARI, Andre Rocha | Director | 2025-11-25 | Oct 1975 | Brazilian |
| SESE, Elias Diaz | Director | 2025-11-25 | Oct 1973 | Spanish |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLY, Bibi Rahima | Secretary | 1999-08-31 | 1999-09-08 |
| CLARK, John Robert Morton | Secretary | 2001-11-28 | 2003-06-05 |
| SCHLEE, Clive Edward Benedict | Secretary | 2003-06-05 | 2019-09-17 |
| SMYTH, Harvey John | Secretary | 1999-09-02 | 2001-11-28 |
| BEECHAM, Sinclair Christopher Seymour | Director | 1999-09-02 | 2008-04-03 |
| BHAT, Axel Paul-Yves Marie | Director | 2019-05-23 | 2020-03-13 |
| CANDLER, Nicholas John | Director | 2008-04-03 | 2017-09-29 |
| CLARK, John Robert Morton | Director | 2001-11-28 | 2003-06-05 |
| COLLETT, Brian | Director | 1999-08-31 | 1999-09-08 |
| JONES, Adam Maxwell | Director | 2014-03-28 | 2018-09-26 |
| MACKAY, Thomas Owen | Director | 2020-11-01 | 2021-11-12 |
| METCALF, Julian Edward | Director | 2003-05-19 | 2008-04-03 |
| MEYER, Konrad Fano | Director | 2020-03-13 | 2020-11-01 |
| PEIXOTO, Gustavo Henrique Lins | Director | 2021-11-12 | 2025-11-25 |
| ROLFE, Andrew John | Director | 1999-09-02 | 2003-06-05 |
| SCHLEE, Clive Edward Benedict | Director | 2003-05-19 | 2019-09-30 |
| SMYTH, Harvey John | Director | 1999-09-02 | 2003-06-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pret A Manger (Europe) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 141 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-03 MA Memorandum articles
- 2025-11-03 CC04 Statement of companys objects
- 2025-11-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-03 | MA | incorporation | Memorandum articles | |
| 2025-11-03 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-11-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-25 | AA | accounts | Accounts with accounts type full | |
| 2023-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-13 | AA | accounts | Accounts with accounts type full | |
| 2022-04-05 | CH01 | officers | Change person director company with change date | |
| 2022-02-16 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 1
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.