TORTILLA MEXICAN GRILL PLC
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Cash
£1.6m
-41.7% lowest in 3 filed years
Net assets
-£16m
-3,160.4% lowest in 3 filed years
Employees
1,095
-7.8% lowest in 3 filed years
Profit before tax
-£15m
-344.8% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-28
| Metric | Trend | 2023-12-31 | 2024-12-29 | 2025-12-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £65,674,965 | £67,999,489 | £73,989,937 | +8.8% | |
| Operating profit | £684,110 | -£1,186,504 | -£12,098,558 | -919.7% | |
| Profit before tax | -£1,085,166 | -£3,316,969 | -£14,753,362 | -344.8% | |
| Net profit | -£1,092,543 | -£3,326,471 | -£15,109,996 | -354.2% | |
| Cash | £1,644,674 | £2,760,960 | £1,608,931 | -41.7% | |
| Total assets less current liabilities | £35,985,537 | £39,037,654 | £20,785,878 | -46.8% | |
| Net assets | £2,885,883 | -£485,981 | -£15,845,007 | -3,160.4% | |
| Equity | £2,885,883 | -£485,981 | -£15,845,007 | -3,160.4% | |
| Average employees | 1,146 | 1,188 | 1,095 | -7.8% | |
| Wages | £19,634,665 | £21,026,142 | £23,133,700 | +10% | |
| Directors' remuneration | £587,848 | £764,000 | — | — | |
| Directors' pension contributions | £2,643 | £2,000 | — | — | |
| Highest paid director | £231,000 | £223,000 | £229,000 | +2.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-29 | 2025-12-28 |
|---|---|---|---|---|
| Operating margin | 1.0% | -1.7% | -16.4% | |
| Net margin | -1.7% | -4.9% | -20.4% | |
| Return on capital employed | 1.9% | -3.0% | -58.2% | |
| Gearing (liabilities / total assets) | 94.4% | 100.8% | 134.5% | |
| Current ratio | 0.53x | 0.34x | 0.26x | |
| Interest cover | 0.38x | -0.54x | -4.53x |
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
- TORTILLA MEXICAN GRILL PLC 2021-09-17 → present
- TORTILLA MEXICAN GRILL LIMITED 2021-07-15 → 2021-09-17
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered these matters, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for at least 17 months from the date of approval of these financial statements.”
Group structure
- TORTILLA MEXICAN GRILL PLC · parent
- Mexican Grill Ltd 100%
- Mexican Grill International Franchise Ltd 100%
- California Grill Ltd 100%
- Chilango Ltd 100%
- Chilango City Ltd 100%
- Chilango London Ltd 100%
- Chilango Mexican Ltd 100%
- Chilango UK Ltd 100%
- Tortilla Mexican Grill France SAS 100%
- Tortilla Restaurants SAS 100%
- Tortilla Franchise SAS 100%
- FB CARRE SENART 100%
- FB GDN 100%
- FB NICE 100%
- FB STRAS51 100%
- FB VDE 100%
- LAJD & CO 100%
Significant events
- “In June 2025, the Group refinanced its debt facilities, agreeing a new £12.5m Senior Facility Agreement with Santander UK plc, maturing in June 2028.”
- “Following the year-end, the identification and correction of accounting errors within the French business, the Group retrospectively breached its net leverage and fixed charge cover covenants at the December 2025 and March 2026 test dates.”
- “Subsequent to the year-end, the Group initiated a structural reset of its French business to address its losses and accelerate the path to profitability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BERNWOOD COSEC LIMITED | Corporate Secretary | 2023-05-31 | — | — |
| ALI, Usman | Director | 2025-02-26 | May 1993 | British |
| GARROOD, Duncan Steven, Dr | Director | 2025-12-05 | Nov 1958 | British |
| GRANT, Gregor | Director | 2026-03-09 | Nov 1966 | British |
| HALEY, Richard Austin | Director | 2026-03-31 | Jul 1971 | British |
| POGROSZEWSKA, Marta Barbara | Director | 2026-02-05 | Sep 1978 | Polish |
| STEPHENS, Brandon Borg | Director | 2021-07-15 | May 1973 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PRISM COSEC LIMITED | Corporate Secretary | 2021-09-15 | 2023-05-31 |
| CAMPBELL, Paul Adam | Director | 2021-09-10 | 2021-09-29 |
| DENNY, Maria Anna Katarina | Director | 2024-03-08 | 2025-09-30 |
| DOWN, Keith William | Director | 2023-08-24 | 2026-02-05 |
| HALEY, Richard Austin | Director | 2025-10-09 | 2026-03-31 |
| KEEN, Laurence Brian | Director | 2021-09-20 | 2023-05-17 |
| LAGADEC, Loeiz | Director | 2021-09-10 | 2025-01-31 |
| MORRIS, Richard John | Director | 2021-07-15 | 2024-03-31 |
| NAYLOR, Andrew Philip | Director | 2021-09-10 | 2026-02-05 |
| PATEL, Aarish Navin | Director | 2021-09-10 | 2021-09-29 |
| TIRITIELLO, Francesca | Director | 2022-09-20 | 2026-02-05 |
| WOODS, Emma Margaret | Director | 2021-09-20 | 2025-12-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Brandon Borg Stephens | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-15 | Ceased 2021-09-13 |
Filing timeline
Last 20 of 77 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-04 RESOLUTIONS Resolution
- 2025-06-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type group | |
| 2026-09-04 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-11 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-06-03 | AA | accounts | Accounts with accounts type group | |
| 2025-02-26 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 5
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.