REEF GLOBAL LIMITED
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Next accounts due
2025-09-30
Overdue
Confirmation statement due
2026-05-15
Overdue
Watchouts
Cash
£524K
-91.3% vs 2022
Net assets
£69M
-4.6% vs 2022
Employees
234
-52.7% vs 2022
Profit before tax
-£2M
+92.1% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-09-30.
-
Confirmation statement overdue
Due 2026-05-15.
-
Material uncertainty over going concern
These factors raise material uncertainty about the Group and the Company's ability to continue as a going concern. The financial statements do not include any adjustment that might result from the outcome of these uncertainties.
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 2023-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £27,366,536 | £22,995,766 | |
| Operating profit | — | — | — | -£28,265,864 | -£2,233,337 | |
| Profit before tax | — | £15,434 | -£20,950 | -£28,264,788 | -£2,233,000 | |
| Net profit | — | £15,434 | -£20,950 | -£28,896,036 | -£1,838,580 | |
| Cash | — | — | — | £6,014,569 | £524,086 | |
| Total assets less current liabilities | — | £7,336,920 | £13,900,414 | £73,073,044 | £69,231,204 | |
| Net assets | — | — | — | £72,565,930 | £69,231,204 | |
| Equity | -£119,035 | £7,336,920 | £13,900,414 | £72,565,930 | £69,231,204 | |
| Average employees | — | 0 | 0 | 495 | 234 | |
| Wages | — | — | — | £16,623,294 | £12,322,868 | |
| Directors' remuneration | — | — | — | £295,345 | £144,000 |
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-16%
£27,366,536 £22,995,766
-
Cash
-91.3%
£6,014,569 £524,086
-
Net assets
-4.6%
£72,565,930 £69,231,204
-
Employees
-52.7%
495 234
-
Operating profit
+92.1%
-£28,265,864 -£2,233,337
-
Profit before tax
+92.1%
-£28,264,788 -£2,233,000
-
Wages
-25.9%
£16,623,294 £12,322,868
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -103.3% | -9.7% | |
| Net margin | — | — | — | -105.6% | -8.0% | |
| Return on capital employed | — | — | — | -38.7% | -3.2% | |
| Current ratio | — | — | — | 1.94x | 39.94x |
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
- REEF GLOBAL LIMITED 2019-08-28 → present
- PARKJOCKEY GLOBAL LIMITED 2013-06-17 → 2019-08-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- EisnerAmper Audit Limited
- Audit opinion
- Disclaimer of opinion
- Going concern
- Material uncertainty disclosed
“These factors raise material uncertainty about the Group and the Company's ability to continue as a going concern. The financial statements do not include any adjustment that might result from the outcome of these uncertainties.”
Group structure
- REEF GLOBAL LIMITED · parent
- Reef London Limited 100%
- Reef Kitchens Limited 99.98%
- Reef Technology Spain S.L.U. 100%
- RGL Sub Ltd 100%
- Live Dispatcher s.r.o 100%
- REEF Technology Germany GmbH 100%
- REEF Technology France SAS 100%
- Reef Technology Czech Republic s.r.o. 100%
Significant events
- “In May of 2023, the wider group entered into an agreement to restructure the worldwide group's existing equity structure to create separate parking and kitchen businesses by distributing certain legal entities within the REEF Technology Inc. group that are associated with kitchen business into a separate "Proximity" equity ownership group (the "May 2023 Restructuring and Separation").”
- “in July of 2023 the Company closed on the sale of Restaurantdiary.com Limited group for $88.7m gross, net of $2.9m in fees. The proceeds of this sale are to be split between the parking and kitchen business in line with the May 2023 Restructuring and Separation.”
- “Management made the strategic decision to pause business operations in Spain due to the determination that the entity would not generate significant sales in the foreseeable future and will primarily function as an R&D location. Consequently, the outstanding investment related to the Spanish subsidiary has been fully written off in the Reef Limited standalone financial statements.”
- “The licensing agreement with Wendy's has been formally terminated post year-end, ceasing all related operational activities under this license.”
- “Operations in Germany ceased entirely in February 2024. This resulted from a strategic review indicating insufficient profitability and sustainability in that market.”
- “The Global CFO of REEF, Emin Aziz Ihsanoglu stepped down from their role effective 2 February 2025. Oscar Fernando Mora has since assumed the responsibilities formerly under the Global CFO on an acting basis, although no formal appointment has been made at this stage.”
- “On 3 November 2025, Darren Moulds assumed responsibilities as Global CFO on an acting basis, although no formal appointment has been made at this stage.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONAMA MULET, Alexis | Director | 2025-02-04 | Dec 1980 | Spanish |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Michael | Director | 2024-07-09 | 2025-04-25 |
| GUZELOGLU, Davit | Director | 2019-08-21 | 2024-10-02 |
| IHSANOGLU, Emin Aziz | Director | 2022-09-16 | 2025-02-02 |
| OJALVO-ONER, Ari | Director | 2013-06-17 | 2019-08-21 |
| TEKIN, Umut | Director | 2013-06-17 | 2019-01-31 |
| ZIMMERMAN, Barak Menachem | Director | 2019-08-21 | 2022-06-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Reef Global Inc. | Corporate entity | Shares 75–100%, Appoints directors | 2019-08-28 | Ceased 2019-08-28 |
| Mr Umut Tekin | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-01-31 |
| Mr Ari Ojalvo-Oner | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | AA | accounts | Accounts with accounts type group | |
| 2025-11-12 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-11-11 | DISS16(SOAS) | dissolution | Dissolved compulsory strike off suspended | |
| 2025-10-14 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-08-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | CH01 | officers | Change person director company with change date | |
| 2025-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-28 | AA | accounts | Accounts with accounts type group | |
| 2023-11-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-06 | SH01 | capital | Capital allotment shares | |
| 2023-01-03 | AA | accounts | Accounts with accounts type group | |
| 2022-09-20 | 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.