PIZZAEXPRESS FINANCING 2 PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-29
Confirmation statement due
2026-12-28 (in 7mo)
Last made up 2025-12-14
Watchouts
Cash
£32K
0% vs 2023
Net assets
-£246M
-1.6% vs 2023
Employees
—
Average over period
Profit before tax
-£3M
+44.5% vs 2023
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
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 | -£1,896,000 | -£2,157,000 | |
| Profit before tax | -£5,837,000 | -£3,239,000 | |
| Net profit | -£5,181,000 | -£3,895,000 | |
| Cash | £32,000 | £32,000 | |
| Total assets less current liabilities | £71,267,000 | £67,372,000 | |
| Net assets | -£242,412,000 | -£246,307,000 | |
| Equity | -£242,412,000 | -£246,307,000 | |
| 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
0%
£32,000 £32,000
-
Net assets
-1.6%
-£242,412,000 -£246,307,000
-
Employees
—
Not reported
-
Operating profit
-13.8%
-£1,896,000 -£2,157,000
-
Profit before tax
+44.5%
-£5,837,000 -£3,239,000
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 | -2.7% | -3.2% | |
| Current ratio | 1.20x | 1.19x | |
| Interest cover | -0.30x | -0.59x |
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
- PIZZAEXPRESS FINANCING 2 PLC 2014-10-13 → present
- TWINKLE PIZZA PLC 2014-07-07 → 2014-10-13
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board considers that these appropriately demonstrate the ability of the Group to meet its obligations for at least twelve months from the date of signing.”
Group structure
- PIZZAEXPRESS FINANCING 2 PLC · parent
- PizzaExpress Group Limited 100%
- PizzaExpress International Holdings Limited 100%
- PizzaExpress UAE Holdings Limited 100%
- PizzaExpress Operations Limited 100%
- PizzaExpress (Franchises) Limited 100%
- PizzaExpress (Restaurants) Limited 100%
- Bookcash Trading Limited 100%
- PizzaExpress (Wholesale) Limited 100%
- PizzaExpress Merchandising Limited 100%
- Agenbite Limited 100%
- PizzaExpress Limited 100%
- PizzaExpress (Jersey) Limited 100%
- PizzaExpress (West) Limited 100%
- Jordana Restaurants LLC 100%
- PizzaExpress (Hong Kong) Limited 100%
- Hunton House Limited 100%
- Roll & Shake Limited 100%
- PizzaExpress Newco Limited 100%
- PizzaExpress US Limited 100%
Significant events
- “On 2 April 2025, to strengthen the balance sheet of the Group, certain of the Group's shareholders have agreed to provide the Group with £20,000,000 of new equity, the proceeds of which the Group will use, together with £35,000,000 of balance sheet cash, to fund a £55,000,000 pro rata par cash paydown of the Existing Notes.”
- “In addition, the Group announced that it had reached agreement with more than 97% of the Existing Noteholders, to extend maturities until September 2029 (the "Refinancing"). The extended remaining Existing Notes (the "New Notes") carry a coupon of 9.875% per annum paid biannually.”
- “On completion of the Refinancing, the Group will therefore have in place £280,000,000 of New Notes at a coupon of 9.875%, together with the RCF, as detailed above.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 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 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Joanne Clare | Secretary | 2021-03-01 | 2024-04-06 |
| PELLINGTON, Andrew David | Secretary | 2015-02-05 | 2021-02-28 |
| YIN, So Wai | Secretary | 2014-07-07 | 2015-02-05 |
| ADAMS, David Alexander Robertson | Director | 2020-08-26 | 2022-07-29 |
| BENNETT, Joanne Clare | Director | 2021-03-01 | 2024-04-06 |
| CAMPBELL, David Lachlan | Director | 2020-11-13 | 2021-10-13 |
| HODGSON, Richard Paul | Director | 2014-09-16 | 2017-05-30 |
| LAFON, Beatrice Madeleine, Valerie, Dr | Director | 2020-08-26 | 2020-11-05 |
| LI, Mo | Director | 2020-08-27 | 2020-11-05 |
| PELLINGTON, Andrew David | Director | 2014-09-16 | 2021-02-28 |
| SHAO, Xiaoxin | Director | 2016-05-05 | 2020-08-27 |
| WANG, Jinlong | Director | 2015-04-30 | 2020-11-05 |
| WANG, Xiaolong | Director | 2014-09-16 | 2016-05-05 |
| YUAN, Bing | Director | 2014-07-07 | 2020-11-05 |
| ZHAO, John Huan | Director | 2014-07-07 | 2015-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wheel Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-05 | Ceased 2024-06-18 |
| 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 | 2016-06-07 | Ceased 2016-07-07 |
| Pizzaexpress Financing 1 Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-11-05 |
Filing timeline
Last 20 of 93 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-05-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | AD02 | address | Change sail address company with old address new address | |
| 2024-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-06-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-09 | CH01 | officers | Change person director company with change date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-14 | AP01 | officers | Appoint person director company with name date |
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.