MITCHELLS & BUTLERS FINANCE PLC

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

• Turnover

  —

  Not reported

• Cash

  +21.9%

  £576,000 → £702,000

• Net assets

  -20.5%

  £1,149,000 → £913,000

• Employees

  —

  Not reported

• Profit before tax

  +27.6%

  £105,000 → £134,000

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

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.

1. MITCHELLS & BUTLERS FINANCE PLC 2003-10-03 → present
2. MITCHELLS & BUTLERS FINANCE LIMITED 2003-05-28 → 2003-10-03

Accounting basis

FRS 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. A full assessment of the going concern statement has been provided in note 1. In addition, the Directors of Mitchells & Butlers plc, the ultimate parent undertaking, have stated that they will continue to make funds available to the Company to enable it to meet its debts that otherwise it would be unable to do so as they fall due for the foreseeable future, being a period of at least twelve months from the date of approval of the balance sheet. As described in note 1, after due consideration, the Directors have a reasonable expectation that the Company and the Group have sufficient resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements.”

Significant events

• “On 13 November 2003, the Group refinanced its debt by raising £1,900m through a securitisation of the majority of its UK pubs and restaurants owned by Mitchells & Butlers Retail Limited (MAB Retail).”
• “On 15 September 2006 the Group completed a further debt (tap) issue to borrow an additional £655m and refinance £450m of existing debt at lower cost.”
• “The securitisation is governed by various covenants, warranties and events of default. To date, and taking account of the revised arrangement agreed as a result of covid 19, all covenants and warranties have been complied with and no events of default have occurred.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.