SYDNEY FOOD LIMITED
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Cash
£1.8m
+11.3% vs 2024
Net assets
£676k
+13.5% vs 2024
Employees
300
-9.9% vs 2024
Profit before tax
£292k
-27.6% first positive since 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £5,273,065 | £9,269,579 | £15,627,503 | £18,066,675 | £19,328,468 | £18,707,977 | -3.2% | |
| Operating profit | -£1,091,754 | -£110,283 | -£216,856 | £247,537 | £544,518 | £442,624 | -18.7% | |
| Profit before tax | -£1,219,035 | -£242,233 | -£389,009 | £76,621 | £402,940 | £291,624 | -27.6% | |
| Net profit | -£1,045,204 | -£271,382 | -£317,969 | £16,141 | £262,284 | £80,428 | -69.3% | |
| Cash | £1,926,712 | £2,543,444 | £1,668,466 | £1,021,307 | £1,630,097 | £1,814,973 | +11.3% | |
| Total assets less current liabilities | £4,577,588 | £3,955,793 | £3,486,498 | £3,327,954 | £3,305,413 | £3,240,427 | -2% | |
| Net assets | £906,444 | £635,062 | £317,093 | £333,234 | £595,518 | £675,946 | +13.5% | |
| Equity | £906,444 | £635,062 | £317,093 | £333,234 | £595,518 | £675,946 | +13.5% | |
| Average employees | 225 | 222 | 325 | 374 | 333 | 300 | -9.9% | |
| Wages | £4,050,662 | £4,326,992 | £6,118,007 | £6,763,011 | £7,223,830 | £6,907,995 | -4.4% | |
| Directors' remuneration | £165,336 | £138,385 | £160,515 | £169,502 | £184,608 | £212,708 | +15.2% | |
| Directors' pension contributions | — | — | — | £10,330 | £22,237 | £15,863 | -28.7% | |
| Highest paid director | — | — | — | — | £197,905 | £220,080 | +11.2% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | -20.7% | -1.2% | -1.4% | 1.4% | 2.8% | 2.4% | |
| Net margin | -19.8% | -2.9% | -2.0% | 0.1% | 1.4% | 0.4% | |
| Return on capital employed | -23.8% | -2.8% | -6.2% | 7.4% | 16.5% | 13.7% | |
| Gearing (liabilities / total assets) | 84.8% | 90.1% | 95.6% | 94.7% | 90.7% | 89.0% | |
| Current ratio | — | — | — | 0.69x | 0.75x | 0.86x | |
| Interest cover | -8.55x | -0.84x | -1.26x | 1.45x | 3.64x | 2.66x |
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 1 time since incorporation
- SYDNEY FOOD LIMITED 2011-02-02 → present
- ELLIOTT GRANGER RESTAURANT LIMITED 2010-11-17 → 2011-02-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sopher + Co LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “closure of the Clerkenwell site in April 2025”
- “one-off closing costs of £341k”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALHADEFF, Avron | Director | 2017-01-24 | Oct 1978 | British |
| BUCKLAND, Jonathan Mark | Director | 2011-05-24 | Sep 1977 | British |
| CHAMPION, William | Director | 2011-05-24 | Jul 1978 | British |
| ELLIOTT, Natalie | Director | 2013-06-26 | Mar 1969 | Australian,British |
| KASWELL, Lauren Gael | Director | 2022-05-01 | Mar 1964 | British |
| MAGYAR, Peter Miklos Edmund | Director | 2023-10-12 | Dec 1962 | British |
| WEBBER, Peter | Director | 2011-05-24 | Mar 1939 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELLIOTT, Natalie | Director | 2010-11-17 | 2011-05-24 |
| GRANGER, William Ronald | Director | 2010-11-17 | 2023-12-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Miklos Edmund Magyar | Individual | Voting 25–50% (as trust) | 2025-11-18 | Active |
| Ms Natalie Elliott | Individual | Voting 25–50%, Voting 25–50% (as trust) | 2025-11-18 | Active |
| Mr William Ronald Granger | Individual | Shares 25–50%, Voting 50–75% | 2023-10-16 | Ceased 2025-11-18 |
Filing timeline
Last 20 of 93 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-17 RESOLUTIONS Resolution
- 2025-01-10 MA Memorandum articles
- 2025-01-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-15 | CH01 | officers | Change person director company with change date | |
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-20 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-20 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-02-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-10 | MA | incorporation | Memorandum articles | |
| 2025-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-29 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-10-25 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-24 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-08 | CH01 | officers | Change person director company with change date | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-23 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.