REDMILL RESTAURANTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-15 (in 10mo)
Last made up 2026-03-01
Watchouts
None on the register
Cash
£3M
-22.7% vs 2023
Net assets
£620K
+15.5% highest in 4 filed years
Employees
872
+17% highest in 4 filed years
Profit before tax
£170K
-59.5% first positive since 2022
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £13,930,166 | £29,652,736 | £39,843,059 | |
| Operating profit | — | — | — | -£339,218 | £509,607 | £286,551 | |
| Profit before tax | — | — | — | -£373,721 | £419,025 | £169,618 | |
| Net profit | — | — | — | -£381,177 | £309,355 | £117,977 | |
| Cash | £765,380 | — | — | £1,389,985 | £3,320,479 | £2,567,258 | |
| Total assets less current liabilities | £1,198,676 | — | — | £1,371,971 | £2,352,066 | £2,123,554 | |
| Net assets | £32,812 | — | — | £262,288 | £536,643 | £619,620 | |
| Equity | £32,812 | £55,678 | £681,465 | £262,288 | £536,643 | £619,620 | |
| Average employees | 267 | — | — | 420 | 745 | 872 | |
| Wages | — | — | — | £4,138,441 | £8,608,106 | £11,678,228 | |
| Directors' remuneration | — | — | — | £9,791 | £12,960 | £12,960 |
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 2024-12-31 vs 2023-12-31
-
Turnover
+34.4%
£29,652,736 £39,843,059
highest in 3 filed years
-
Cash
-22.7%
£3,320,479 £2,567,258
-
Net assets
+15.5%
£536,643 £619,620
highest in 4 filed years
-
Employees
+17%
745 872
highest in 4 filed years
-
Operating profit
-43.8%
£509,607 £286,551
first positive since 2022
-
Profit before tax
-59.5%
£419,025 £169,618
first positive since 2022
-
Wages
+35.7%
£8,608,106 £11,678,228
highest in 3 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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -2.4% | 1.7% | 0.7% | |
| Net margin | — | — | — | -2.7% | 1.0% | 0.3% | |
| Return on capital employed | — | — | — | -24.7% | 21.7% | 13.5% | |
| Current ratio | — | — | — | — | 0.78x | 0.65x | |
| Interest cover | — | — | — | -9.83x | 5.63x | 2.45x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Griffiths Marshall
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “The lower than expected supply chain inflation across 2024 resulted in gross profit margin above plan. This allowed the company to invest the benefit into value driving initiatives to increase guest counts and sales.”
- “Despite the challenging backdrop we have launched several trading initiatives to increase footfall in to our restaurants, which have seen strong results and led to market share gains.”
- “The 2025 pricing strategy will provide gross profit margin growth by taking more price than supply chain inflation, whilst maintaining the business' core value proposition.”
- “It is the strategy of the company to carry out store refurbishments projects at regular intervals, under the guidance of McDonald's national store refurbishment program, in order to benefit the customers in store dining experience.”
- “A change in the methodology for missing data estimation will have affected the emissions associated with electricity, natural gas and purchased fuel.”
- “A change in the market-based methodology led to an increase in electricity emissions under the market-based methodology.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REDHEAD, Martin | Director | 2016-03-02 | Mar 1968 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Martin Redhead | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 26 total filings
Material constitutional events — rename, articles re-file, resolution
- 2019-09-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-19 | AA | accounts | Accounts with accounts type medium | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-31 | AA | accounts | Accounts with accounts type full | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-04-04 | CH01 | officers | Change person director company with change date | |
| 2022-04-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-04-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-09-27 | RESOLUTIONS | resolution | Resolution | |
| 2019-08-23 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-09-19 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.