85 PICCADILLY LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-04-28.

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements, which indicates that continuing retained losses and current liabilities may cast significant doubt on the Company's ability to continue as a going concern.

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

  +4.5%

  £13,364,039 → £13,968,006

  highest in 6 filed years

• Cash

  -47.5%

  £221,690 → £116,291

• Net assets

  +0.9%

  -£17,029,113 → -£16,877,488

• Employees

  -1%

  191 → 189

• Operating profit

  +111.5%

  -£1,351,580 → £155,360

  highest in 6 filed years

• Profit before tax

  +110.8%

  -£1,386,433 → £149,355

  highest in 6 filed years

• Wages

  -4.8%

  £4,936,911 → £4,700,041

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BKL Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements, which indicates that continuing retained losses and current liabilities may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “In August 2023, HIDE transformed from a two-restaurant operation featuring 'Above' and 'Ground' restaurants within the same unit, into a single unified operation under the HIDE brand. The transition... resulted in a reduction of the labour force. Improved efficiency... significantly enhanced the food margin.”
• “The trading pattern has also evolved, with mid-week sessions (Tuesday to Thursday) now being the busiest periods... Client dining habits have continued to shift towards earlier evening dining and lower alcohol consumption, particularly during lunchtime sessions.”
• “Marketing efforts have been redirected towards attracting more corporate bookings. This strategy has proven successful, resulting in a 30% year-on-year increase in private dining reservations.”
• “Staffing costs remain closely monitored. A move to hourly pay... helped reduce wage costs and provide greater flexibility during quieter periods. Kitchen team agreed to start shifts later, generating an annual saving of approximately £50,000 to £100,000.”
• “Subsequent to year end, National Insurance rates increase in April 2025 expected to increase annual wage costs by approximately £150,000. Company expects improved gross profit margin from 66% to 70% in FY2025, offset by over 20% increase in rent.”

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.