PHO TRADING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-02-23
Confirmation statement due
2027-01-24 (in 8mo)
Last made up 2026-01-10
Watchouts
None on the register
Cash
£7M
-11.3% lowest in 4 filed years
Net assets
£6M
+53.4% highest in 4 filed years
Employees
1,218
+12.1% highest in 4 filed years
Profit before tax
£3M
-14.6% vs 2024
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-02-23
| Metric | Trend | 2021-02-22 | 2022-02-20 | 2022-02-21 | 2023-02-19 | 2024-02-25 | 2025-02-23 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £43,666,658 | — | £58,322,487 | £71,095,349 | £79,350,624 | |
| Operating profit | — | £5,919,232 | — | £2,183,116 | £4,023,212 | £3,498,099 | |
| Profit before tax | — | £5,586,007 | — | £1,837,390 | £3,614,153 | £3,088,225 | |
| Net profit | — | £4,552,713 | — | £1,710,085 | £2,689,981 | £2,209,505 | |
| Cash | — | £7,739,075 | — | £9,990,617 | £7,651,022 | £6,786,304 | |
| Total assets less current liabilities | — | £13,384,003 | — | £18,969,297 | £23,871,975 | £29,110,825 | |
| Net assets | — | £4,349,947 | — | £6,060,032 | £4,139,220 | £6,348,725 | |
| Equity | -£202,766 | £4,349,947 | £4,349,947 | £6,060,032 | £4,139,220 | £6,348,725 | |
| Average employees | — | 666 | — | 916 | 1,087 | 1,218 | |
| Wages | — | £15,596,051 | — | £20,993,465 | £25,847,751 | £29,497,641 | |
| Directors' remuneration | — | — | — | — | £630,079 | £722,740 |
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
FY2024 → FY2025 · period ending 2025-02-23 vs 2024-02-25
-
Turnover
+11.6%
£71,095,349 £79,350,624
highest in 4 filed years
-
Cash
-11.3%
£7,651,022 £6,786,304
lowest in 4 filed years
-
Net assets
+53.4%
£4,139,220 £6,348,725
highest in 4 filed years
-
Employees
+12.1%
1,087 1,218
highest in 4 filed years
-
Operating profit
-13.1%
£4,023,212 £3,498,099
-
Profit before tax
-14.6%
£3,614,153 £3,088,225
-
Wages
+14.1%
£25,847,751 £29,497,641
highest in 4 filed years
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 | 2021-02-22 | 2022-02-20 | 2022-02-21 | 2023-02-19 | 2024-02-25 | 2025-02-23 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 13.6% | — | 3.7% | 5.7% | 4.4% | |
| Net margin | — | 10.4% | — | 2.9% | 3.8% | 2.8% | |
| Return on capital employed | — | 44.2% | — | 11.5% | 16.9% | 12.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 88.3% | 84.9% | |
| Current ratio | — | — | — | — | 1.54x | 1.58x | |
| Interest cover | — | 16.03x | — | 5.18x | 5.17x | 3.81x |
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
- PHO TRADING LIMITED 2011-09-16 → present
- PHO (ST.JOHN STREET) LIMITED 2008-02-18 → 2011-09-16
- PHO (UK) LIMITED 2005-01-11 → 2008-02-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PHO TRADING LIMITED · parent
- Pho (Edinburgh) Limited 100%
- Pho Employment Limited 100%
- Pho (Great Titchfield Street) Limited 100%
- Pho (Westfield London) Limited 100%
- Pho (Brighton) Limited 100%
- Pho (Wardour Street) Limited 100%
Significant events
- “During the year the Company opened six new restaurants located in Glasgow, Baker Street, Norwich, Greenwich, a second site in Edinburgh (Lothian Road) and Harbourne.”
- “Post year end the Company continues to grow its Like-For-Like sales and explore new opportunities and locations. At the time of writing, three new sites have been opened post year end including Newcastle, Tunbridge Wells and Bluewater, with others currently under development with legals signed.”
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 |
|---|---|---|---|---|
| DEJAGER, Wayne John | Director | 2023-03-07 | Nov 1966 | British |
| MARRINAN, Patrick Joseph | Director | 2018-01-02 | Feb 1980 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WALL, Stephen | Secretary | 2005-01-11 | 2021-08-02 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2005-01-11 | 2005-01-11 |
| DAVIES, Kevin Glenn | Director | 2021-12-16 | 2023-02-17 |
| SMITH, Mark Richard | Director | 2015-09-15 | 2018-08-08 |
| TINDALL-DOMAN, Zoe | Director | 2011-03-09 | 2013-12-03 |
| WALL, Juliette Victoria | Director | 2005-01-11 | 2021-08-02 |
| WALL, Stephen | Director | 2005-01-11 | 2023-10-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pho Holdings Limited | Corporate entity | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-firm, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 99 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-19 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-10-08 | AA | accounts | Accounts with accounts type full | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-21 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-24 | AA | accounts | Accounts with accounts type full | |
| 2023-10-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-01 | AA | accounts | Accounts with accounts type full | |
| 2023-02-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-20 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-02-25 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.