SPICE HOLDING LTD

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ⚠

  Confirmation statement overdue

  Due 2026-04-09.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +27.4%

  £37,647,960 → £47,951,657

• Cash

  +36.6%

  £1,671,655 → £2,284,146

• Net assets

  -45%

  -£12,740,146 → -£18,473,755

• Employees

  +18.4%

  640 → 758

• Operating profit

  -21%

  -£1,031,755 → -£1,248,465

• Profit before tax

  -19.1%

  -£4,462,837 → -£5,314,490

• Wages

  +25.5%

  £12,837,193 → £16,109,528

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

Consolidated group

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After assessing the Group's forecasts and principal risks these accounts have been prepared under the Going Concern basis. Forecasts have been reviewed on both a base and downside case scenario and the business is expected to continue trading profitably. The Group also continues to have support from the wider TriSpan Rs Rt Group. As a result, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual financial statements with no material uncertainty.”

Group structure

1. SPICE HOLDING LTD · parent
   1. Spice Bidco Ltd 100% · UK · Intermediate parent company
   2. Rosa's London Limited 100% · UK · Restaurant operator
   3. Lao Cafe Limited 100% · UK · Restaurant operator
   4. Rosa's Thai Limited 100% · UK · Restaurant franchisor

Significant events

• “The Group operates a group of Thai restaurants under the trading names of 'Rosa's Thai' and 'Lao Café'.”
• “The Group's strategy is to open earnings enhancing sites and drive performance in existing sites across the UK, whilst looking to expand its currently limited international presence.”
• “Despite ongoing inflationary pressures in the year the Group has continued to grow organically, opening a further seven new restaurants in the year. One restaurant has closed in the year (Nottingham).”
• “A number of UK sites are legally committed, with Bristol opening imminently and fit out works in progress for sites in Norwich and Kingston at the time of signing these accounts, and continued openings in the coming year.”
• “Whilst the World Health Organisation has now declared that Covid-19 no longer represents a global health emergency and the risk of any imminent future breakout has significantly diminished, there remains a risk that it may return or a similar issue could interrupt trade.”
• “Inflation has subsided significantly since the date of our last accounts however, interest rates still remain high, and both the economy and consumer disposable income are still feeling the impact of cost of living and other pressures.”
• “The business has terrorism insurance cover for all site and the Directors believe the geographical spread of sites across London and increasingly other parts of the UK would help lessen the impact of any event happening near any one of the current sites.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.