PIZZAEXPRESS OPERATIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-29
Confirmation statement due
2027-04-17 (in 11mo)
Last made up 2026-04-03
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£584M
-14% vs 2023
Employees
—
Average over period
Profit before tax
-£71M
+3.6% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-29
| Metric | Trend | 2023-12-31 | 2024-12-29 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£67,114,000 | -£67,787,000 | |
| Profit before tax | -£73,302,000 | -£70,654,000 | |
| Net profit | -£73,093,000 | -£71,904,000 | |
| Cash | — | — | |
| Total assets less current liabilities | -£512,517,000 | -£584,421,000 | |
| Net assets | -£512,517,000 | -£584,421,000 | |
| Equity | -£512,517,000 | -£584,421,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-29 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-14%
-£512,517,000 -£584,421,000
-
Employees
—
Not reported
-
Operating profit
-1%
-£67,114,000 -£67,787,000
-
Profit before tax
+3.6%
-£73,302,000 -£70,654,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-29 |
|---|---|---|---|
| Return on capital employed | 13.1% | 11.6% | |
| Current ratio | 0.00x | 0.00x | |
| Interest cover | -10.85x | -23.64x |
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 5 times since incorporation
- PIZZAEXPRESS OPERATIONS LIMITED 2014-10-07 → present
- GONDOLA INVESTMENTS LIMITED 2007-01-15 → 2014-10-07
- GONDOLA GROUP LIMITED 2005-09-23 → 2007-01-15
- ALTIA HOLDINGS LTD 2005-06-09 → 2005-09-23
- RIPOSTE HOLDINGS LIMITED 2004-02-12 → 2005-06-09
- PRECIS (2385) LIMITED 2003-07-18 → 2004-02-12
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors note that as at 29 December 2024, the Company was in a net liabilities position of £584,421,000 (as at 31 December 2023: £512,517,000). The Directors consider the business to continue to meet its obligations as they fall due and remain in business for the foreseeable future.”
Group structure
- PIZZAEXPRESS OPERATIONS LIMITED · parent
- PizzaExpress Limited 100%
- PizzaExpress (Restaurants) Limited 100%
- Bookcash Trading Limited 100%
- PizzaExpress (Wholesale) Limited 100%
- Agenbite Limited 100%
- PizzaExpress (Merchandising) Limited 100%
- PizzaExpress (Jersey) Limited 100%
- Roll & Shake Limited 100%
- PizzaExpress (West) Limited 100%
- Hunton House Limited 100%
- PizzaExpress Newco Limited 100%
Significant events
- “On 28 May 2025, the Group successfully completed its debt refinancing. To strengthen the balance sheet of the Group, certain of the Group's shareholders provided the Group with £20,000,000 of new equity.”
- “The proceeds of which the Group used together with £35,000,000 of balance sheet cash, to fund a £55,000,000 pro rata par cash paydown of the existing £335,000,000 senior secured notes.”
- “In addition, the Group announced that it had reached agreement with existing noteholders, to extend maturities of the remaining senior secured notes until September 2029. The extended notes carry a coupon of 9.875% per annum paid biannually.”
- “In connection with the refinancing, the Group has amended and extended the Revolving Credit Facility, whereby £24,750,000 of the existing facility has been extended to March 2029, and the remaining £5,250,000 of the existing facility is available until January 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SANDHU, Mandeep Kaur | Secretary | 2024-04-06 | — | — |
| ELLIOT, Colin David | Director | 2025-01-13 | Jul 1964 | British |
| MACKENZIE, Paula Jane | Director | 2022-06-06 | Apr 1977 | British |
| SANDHU, Mandeep Kaur | Director | 2021-10-21 | Aug 1976 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Joanne Clare | Secretary | 2021-03-01 | 2024-04-06 |
| CARTER, Nicholas Michael | Secretary | 2007-08-31 | 2014-08-18 |
| ECKERSLEY, Martin William | Secretary | 2006-04-27 | 2007-08-31 |
| LUYCKX, Charles Francis | Secretary | 2004-02-13 | 2006-04-27 |
| PELLINGTON, Andrew David | Secretary | 2014-08-18 | 2021-02-28 |
| OFFICE ORGANIZATION & SERVICES LIMITED | Corporate Nominee Secretary | 2003-07-18 | 2004-02-13 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2003-07-18 | 2003-07-18 |
| 'T HOOFT, Robert Adrian Graham | Director | 2004-02-13 | 2006-12-22 |
| BENNETT, Joanne Clare | Director | 2021-03-01 | 2024-04-06 |
| BOWLEY, Nicola Zoe | Director | 2014-09-17 | 2022-12-21 |
| CAMPBELL, David Lachlan | Director | 2020-11-13 | 2021-10-13 |
| CARTER, Nicholas Michael | Director | 2007-04-05 | 2014-08-18 |
| DALE, Manjit | Director | 2004-02-13 | 2006-12-22 |
| FLEET, Julia Margaret | Director | 2007-01-02 | 2007-03-01 |
| HODGSON, Richard Paul | Director | 2014-04-25 | 2017-05-30 |
| LUYCKX, Charles Francis | Director | 2004-02-13 | 2006-12-22 |
| MAXWELL, Charlotte Emma | Director | 2014-09-17 | 2015-08-14 |
| PELLINGTON, Andrew David | Director | 2014-04-25 | 2021-02-28 |
| ROBERTSON, Stephen James | Director | 2004-02-13 | 2005-10-31 |
| SEAWARD, Julian Lloyd | Director | 2005-10-31 | 2006-12-22 |
| SMYTH, Harvey John | Director | 2007-01-02 | 2014-08-18 |
| WANG, Jinlong | Director | 2017-06-06 | 2020-11-05 |
| PEREGRINE SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 2003-07-18 | 2004-02-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Crystal Bright Developments Limited | Corporate entity | Shares 75–100%, ownership-of-shares-25-to-50-percent-as-firm, Voting 75–100%, voting-rights-25-to-50-percent-as-firm, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2016-07-18 | Ceased 2016-07-18 |
| Pizzaexpress Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 179 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | AA | accounts | Accounts with accounts type full | |
| 2025-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-30 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-01-29 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-08-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-10 | CH01 | officers | Change person director company with change date | |
| 2023-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-04 | AA | accounts | Accounts with accounts type full | |
| 2022-06-16 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-04 | 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.