pizzaexpress (restaurants) limited
pizzaexpress (restaurants) limited Company Information
Company Number
02805490
Website
www.pizzaexpress.comRegistered Address
building 01 arc uxbridge, sanderson road, uxbridge, middlesex, UB8 1DH
Industry
Licensed restaurants
Telephone
02037989090
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
pizzaexpress ltd 100%
pizzaexpress (restaurants) limited Estimated Valuation
Pomanda estimates the enterprise value of PIZZAEXPRESS (RESTAURANTS) LIMITED at £385.4m based on a Turnover of £339.7m and 1.13x industry multiple (adjusted for size and gross margin).
pizzaexpress (restaurants) limited Estimated Valuation
Pomanda estimates the enterprise value of PIZZAEXPRESS (RESTAURANTS) LIMITED at £424.8m based on an EBITDA of £63.1m and a 6.73x industry multiple (adjusted for size and gross margin).
pizzaexpress (restaurants) limited Estimated Valuation
Pomanda estimates the enterprise value of PIZZAEXPRESS (RESTAURANTS) LIMITED at £3.2b based on Net Assets of £997.4m and 3.24x industry multiple (adjusted for liquidity).
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Pizzaexpress (restaurants) Limited Overview
Pizzaexpress (restaurants) Limited is a live company located in uxbridge, UB8 1DH with a Companies House number of 02805490. It operates in the licenced restaurants sector, SIC Code 56101. Founded in March 1993, it's largest shareholder is pizzaexpress ltd with a 100% stake. Pizzaexpress (restaurants) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £339.7m with unknown growth in recent years.
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Pizzaexpress (restaurants) Limited Health Check
Pomanda's financial health check has awarded Pizzaexpress (Restaurants) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
3 Weak
Size
annual sales of £339.7m, make it larger than the average company (£1.8m)
£339.7m - Pizzaexpress (restaurants) Limited
£1.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Pizzaexpress (restaurants) Limited
- - Industry AVG
Production
with a gross margin of 27.1%, this company has a higher cost of product (58.4%)
27.1% - Pizzaexpress (restaurants) Limited
58.4% - Industry AVG
Profitability
an operating margin of 9.1% make it more profitable than the average company (4.8%)
9.1% - Pizzaexpress (restaurants) Limited
4.8% - Industry AVG
Employees
with 8777 employees, this is above the industry average (37)
8777 - Pizzaexpress (restaurants) Limited
37 - Industry AVG
Pay Structure
on an average salary of £14.4k, the company has a lower pay structure (£18.9k)
£14.4k - Pizzaexpress (restaurants) Limited
£18.9k - Industry AVG
Efficiency
resulting in sales per employee of £38.7k, this is less efficient (£49.7k)
£38.7k - Pizzaexpress (restaurants) Limited
£49.7k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (6 days)
2 days - Pizzaexpress (restaurants) Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (51 days)
16 days - Pizzaexpress (restaurants) Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (13 days)
3 days - Pizzaexpress (restaurants) Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (14 weeks)
17 weeks - Pizzaexpress (restaurants) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.6%, this is a lower level of debt than the average (86.1%)
24.6% - Pizzaexpress (restaurants) Limited
86.1% - Industry AVG
pizzaexpress (restaurants) limited Credit Report and Business Information
Pizzaexpress (restaurants) Limited Competitor Analysis
Perform a competitor analysis for pizzaexpress (restaurants) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pizzaexpress (restaurants) limited Ownership
PIZZAEXPRESS (RESTAURANTS) LIMITED group structure
Pizzaexpress (Restaurants) Limited has 6 subsidiary companies.
Ultimate parent company
WHEEL TOPCO LTD
#0129597
2 parents
PIZZAEXPRESS (RESTAURANTS) LIMITED
02805490
6 subsidiaries
pizzaexpress (restaurants) limited directors
Pizzaexpress (Restaurants) Limited currently has 3 directors. The longest serving directors include Mrs Nicola Bowley (Jan 2015) and Miss Mandeep Sandhu (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Nicola Bowley | United Kingdom | 52 years | Jan 2015 | - | Director |
| Miss Mandeep Sandhu | United Kingdom | 47 years | Oct 2021 | - | Director |
| Ms Paula MacKenzie | United Kingdom | 47 years | Jun 2022 | - | Director |
PIZZAEXPRESS (RESTAURANTS) LIMITED financials
Pizzaexpress (Restaurants) Limited's latest turnover from January 2023 is £339.7 million and the company has net assets of £997.4 million. According to their latest financial statements, Pizzaexpress (Restaurants) Limited has 8,777 employees and maintains cash reserves of £64.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jun 2015 | Jun 2014 | Jun 2013 | Jul 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 339,718,000 | 252,956,000 | 162,459,000 | 397,751,000 | 397,837,000 | 396,559,000 | 601,005,000 | 382,942,000 | 351,658,000 | 334,619,000 | 332,717,000 | 322,201,000 | 314,747,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 247,746,000 | 178,067,000 | 183,956,000 | 309,729,000 | 304,476,000 | 298,002,000 | 429,673,000 | 273,888,000 | 252,160,000 | 265,081,000 | 262,880,000 | 245,484,000 | 237,288,000 |
| Gross Profit | 91,972,000 | 74,889,000 | -21,497,000 | 88,022,000 | 93,361,000 | 98,557,000 | 171,332,000 | 109,054,000 | 99,498,000 | 69,538,000 | 69,837,000 | 76,717,000 | 77,459,000 |
| Admin Expenses | 60,919,000 | 69,318,000 | -77,561,000 | 61,511,000 | 57,810,000 | 51,877,000 | 79,656,000 | 48,746,000 | 45,282,000 | 20,379,000 | 17,754,000 | 21,473,000 | 19,139,000 |
| Operating Profit | 31,053,000 | 5,571,000 | 56,064,000 | 26,511,000 | 35,551,000 | 46,680,000 | 91,676,000 | 60,308,000 | 54,216,000 | 49,159,000 | 52,083,000 | 55,244,000 | 58,320,000 |
| Interest Payable | 14,350,000 | 13,373,000 | 16,819,000 | 11,070,000 | 7,913,000 | 6,918,000 | 2,022,000 | 4,613,000 | 3,842,000 | 3,411,000 | 2,763,000 | 223,000 | 506,000 |
| Interest Receivable | 41,669,000 | 42,504,000 | 38,991,000 | 37,933,000 | 32,462,000 | 28,748,000 | 31,237,000 | 20,670,000 | 17,527,000 | 16,015,000 | 13,857,000 | 3,858,000 | 4,519,000 |
| Pre-Tax Profit | 58,372,000 | 34,702,000 | 78,236,000 | 53,374,000 | 60,100,000 | 68,473,000 | 120,891,000 | 76,365,000 | 67,901,000 | 61,279,000 | 63,132,000 | 58,641,000 | 62,094,000 |
| Tax | 4,799,000 | -3,669,000 | 3,848,000 | -472,000 | 251,000 | -1,960,000 | -3,621,000 | -3,478,000 | -15,541,000 | -13,486,000 | -15,423,000 | -12,275,000 | -16,404,000 |
| Profit After Tax | 63,171,000 | 31,033,000 | 82,084,000 | 52,902,000 | 60,351,000 | 66,513,000 | 117,270,000 | 72,887,000 | 52,360,000 | 47,793,000 | 47,709,000 | 46,366,000 | 45,690,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,000,000 | 0 | 0 | 0 | 0 |
| Retained Profit | 63,171,000 | 31,033,000 | 82,084,000 | 52,902,000 | 60,351,000 | 66,513,000 | 117,270,000 | 72,887,000 | 17,360,000 | 47,793,000 | 47,709,000 | 46,366,000 | 45,690,000 |
| Employee Costs | 126,725,000 | 104,200,000 | 117,858,000 | 137,672,000 | 134,106,000 | 129,547,000 | 191,295,000 | 122,745,000 | 121,256,000 | 114,556,000 | 113,762,000 | 107,578,000 | 105,355,000 |
| Number Of Employees | 8,777 | 6,690 | 8,634 | 10,033 | 10,264 | 10,646 | 10,532 | 9,913 | 9,392 | 8,851 | 8,632 | 8,854 | 8,668 |
| EBITDA* | 63,081,000 | 36,570,000 | 94,629,000 | 50,711,000 | 56,026,000 | 67,613,000 | 118,665,000 | 79,252,000 | 71,054,000 | 65,741,000 | 68,428,000 | 70,212,000 | 71,063,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jun 2015 | Jun 2014 | Jun 2013 | Jul 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 234,234,000 | 232,153,000 | 238,568,000 | 202,568,000 | 178,946,000 | 192,861,000 | 194,205,000 | 186,142,000 | 176,010,000 | 171,963,000 | 176,504,000 | 166,414,000 | 155,331,000 |
| Intangible Assets | 3,261,000 | 2,734,000 | 2,915,000 | 4,223,000 | 4,740,000 | 3,907,000 | 2,036,000 | 1,148,000 | 2,911,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,920,000 | 0 | 0 | 1,459,000 | 1,459,000 | 1,459,000 | 1,459,000 | 1,459,000 | 1,459,000 | 1,459,000 | 1,459,000 | 1,459,000 | 1,459,000 |
| Debtors (Due After 1 year) | 0 | 0 | 790,000 | 34,147,000 | 32,365,000 | 30,582,000 | 28,799,000 | 26,091,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 239,415,000 | 234,887,000 | 240,693,000 | 206,791,000 | 217,510,000 | 228,809,000 | 226,499,000 | 214,840,000 | 180,380,000 | 173,422,000 | 177,963,000 | 167,873,000 | 156,790,000 |
| Stock & work in progress | 2,274,000 | 2,148,000 | 1,878,000 | 2,883,000 | 7,191,000 | 6,846,000 | 6,574,000 | 7,234,000 | 9,849,000 | 9,260,000 | 8,964,000 | 6,841,000 | 7,233,000 |
| Trade Debtors | 2,022,000 | 1,751,000 | 612,000 | 1,918,000 | 3,128,000 | 3,227,000 | 3,516,000 | 4,118,000 | 2,178,000 | 0 | 0 | 0 | 0 |
| Group Debtors | 999,520,000 | 984,423,000 | 944,662,000 | 952,660,000 | 814,977,000 | 716,395,000 | 636,473,000 | 498,060,000 | 473,369,000 | 429,380,000 | 355,784,000 | 311,630,000 | 294,076,000 |
| Misc Debtors | 14,630,000 | 12,947,000 | 10,453,000 | 18,701,000 | 18,614,000 | 19,237,000 | 17,163,000 | 13,847,000 | 11,728,000 | 14,685,000 | 13,783,000 | 19,890,000 | 13,805,000 |
| Cash | 64,775,000 | 12,916,000 | 1,030,000 | 8,049,000 | 8,678,000 | 9,386,000 | 7,693,000 | 6,263,000 | 21,181,000 | 6,333,000 | 5,724,000 | 5,903,000 | 9,228,000 |
| misc current assets | 398,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,083,619,000 | 1,014,383,000 | 958,833,000 | 984,781,000 | 852,588,000 | 755,091,000 | 671,419,000 | 529,522,000 | 518,305,000 | 459,658,000 | 384,255,000 | 344,264,000 | 324,342,000 |
| total assets | 1,323,034,000 | 1,249,270,000 | 1,199,526,000 | 1,191,572,000 | 1,070,098,000 | 983,900,000 | 897,918,000 | 744,362,000 | 698,685,000 | 633,080,000 | 562,218,000 | 512,137,000 | 481,132,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,970,000 | 9,242,000 | 3,411,000 | 7,340,000 | 12,616,000 | 12,411,000 | 11,810,000 | 7,074,000 | 11,718,000 | 8,137,000 | 9,341,000 | 15,417,000 | 7,696,000 |
| Group/Directors Accounts | 134,328,000 | 0 | 0 | 0 | 211,643,000 | 186,946,000 | 170,483,000 | 144,325,000 | 168,261,000 | 134,645,000 | 110,215,000 | 104,821,000 | 125,809,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 10,642,000 | 14,077,000 | 17,812,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 177,000 | 344,000 |
| other current liabilities | 34,665,000 | 161,204,000 | 141,282,000 | 346,553,000 | 60,800,000 | 57,451,000 | 60,108,000 | 53,261,000 | 52,072,000 | 35,182,000 | 35,149,000 | 31,791,000 | 32,523,000 |
| total current liabilities | 190,605,000 | 184,523,000 | 162,505,000 | 353,893,000 | 285,059,000 | 256,808,000 | 242,401,000 | 204,660,000 | 232,051,000 | 177,964,000 | 154,805,000 | 152,206,000 | 166,372,000 |
| loans | 0 | 253,492,000 | 256,890,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 134,139,000 | 126,746,000 | 128,445,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 177,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 879,000 | 7,522,000 | 10,738,000 | 27,930,000 | 10,051,000 | 12,455,000 | 12,984,000 | 14,439,000 | 14,258,000 | 15,525,000 | 15,615,000 | 15,848,000 | 16,866,000 |
| total long term liabilities | 135,018,000 | 130,507,000 | 133,814,000 | 13,965,000 | 10,051,000 | 12,455,000 | 12,984,000 | 14,439,000 | 14,258,000 | 15,525,000 | 15,615,000 | 15,848,000 | 17,043,000 |
| total liabilities | 325,623,000 | 315,030,000 | 296,319,000 | 367,858,000 | 295,110,000 | 269,263,000 | 255,385,000 | 219,099,000 | 246,309,000 | 193,489,000 | 170,420,000 | 168,054,000 | 183,415,000 |
| net assets | 997,411,000 | 934,240,000 | 903,207,000 | 823,714,000 | 774,988,000 | 714,637,000 | 642,533,000 | 525,263,000 | 452,376,000 | 439,591,000 | 391,798,000 | 344,083,000 | 297,717,000 |
| total shareholders funds | 997,411,000 | 934,240,000 | 903,207,000 | 823,714,000 | 774,988,000 | 714,637,000 | 642,533,000 | 525,263,000 | 452,376,000 | 439,591,000 | 391,798,000 | 344,083,000 | 297,717,000 |
| Jan 2023 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jun 2015 | Jun 2014 | Jun 2013 | Jul 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 31,053,000 | 5,571,000 | 56,064,000 | 26,511,000 | 35,551,000 | 46,680,000 | 91,676,000 | 60,308,000 | 54,216,000 | 49,159,000 | 52,083,000 | 55,244,000 | 58,320,000 |
| Depreciation | 30,782,000 | 29,754,000 | 37,070,000 | 22,858,000 | 19,340,000 | 20,087,000 | 26,936,000 | 16,780,000 | 16,838,000 | 16,582,000 | 16,345,000 | 14,968,000 | 12,743,000 |
| Amortisation | 1,246,000 | 1,245,000 | 1,495,000 | 1,342,000 | 1,135,000 | 846,000 | 53,000 | 2,164,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | 4,799,000 | -3,669,000 | 3,848,000 | -472,000 | 251,000 | -1,960,000 | -3,621,000 | -3,478,000 | -15,541,000 | -13,486,000 | -15,423,000 | -12,275,000 | -16,404,000 |
| Stock | 126,000 | 270,000 | 1,878,000 | -4,308,000 | 345,000 | 6,846,000 | 6,574,000 | -2,615,000 | 589,000 | 296,000 | 2,123,000 | -392,000 | 7,233,000 |
| Debtors | 17,051,000 | 42,604,000 | 956,517,000 | 138,342,000 | 99,643,000 | 769,441,000 | 685,951,000 | 54,841,000 | 43,210,000 | 74,498,000 | 38,047,000 | 23,639,000 | 307,881,000 |
| Creditors | 1,728,000 | 5,831,000 | 3,411,000 | -5,276,000 | 205,000 | 12,411,000 | 11,810,000 | -4,644,000 | 3,581,000 | -1,204,000 | -6,076,000 | 7,721,000 | 7,696,000 |
| Accruals and Deferred Income | -126,539,000 | 19,922,000 | 141,282,000 | 285,753,000 | 3,349,000 | 57,451,000 | 60,108,000 | 1,189,000 | 16,890,000 | 33,000 | 3,358,000 | -732,000 | 32,523,000 |
| Deferred Taxes & Provisions | -6,643,000 | -3,216,000 | 10,738,000 | 17,879,000 | -2,404,000 | 12,455,000 | 12,984,000 | 181,000 | -1,267,000 | -90,000 | -233,000 | -1,018,000 | 16,866,000 |
| Cash flow from operations | -80,751,000 | 12,564,000 | -704,487,000 | 214,561,000 | -42,561,000 | -628,317,000 | -492,579,000 | 20,274,000 | 30,918,000 | -23,800,000 | 9,884,000 | 40,661,000 | -203,370,000 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 1,920,000 | 0 | 0 | 0 | 0 | 1,459,000 | 1,459,000 | 0 | 0 | 0 | 0 | 0 | 1,459,000 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 134,328,000 | 0 | 0 | -211,643,000 | 24,697,000 | 186,946,000 | 170,483,000 | -23,936,000 | 33,616,000 | 24,430,000 | 5,394,000 | -20,988,000 | 125,809,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -253,492,000 | -3,398,000 | 256,890,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 3,958,000 | -5,434,000 | 146,257,000 | 0 | 0 | 0 | 0 | 0 | 0 | -100,000 | -77,000 | -344,000 | 521,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 27,319,000 | 29,131,000 | 22,172,000 | 26,863,000 | 24,549,000 | 21,830,000 | 29,215,000 | 16,057,000 | 13,685,000 | 12,604,000 | 11,094,000 | 3,635,000 | 4,013,000 |
| cash flow from financing | -87,887,000 | 20,299,000 | 1,246,442,000 | -188,956,000 | 49,246,000 | 856,900,000 | 724,961,000 | -7,879,000 | 42,726,000 | 36,934,000 | 16,417,000 | -17,697,000 | 382,370,000 |
| cash and cash equivalents | |||||||||||||
| cash | 51,859,000 | 11,886,000 | 1,030,000 | -629,000 | -708,000 | 9,386,000 | 7,693,000 | -14,918,000 | 14,848,000 | 609,000 | -179,000 | -3,325,000 | 9,228,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 51,859,000 | 11,886,000 | 1,030,000 | -629,000 | -708,000 | 9,386,000 | 7,693,000 | -14,918,000 | 14,848,000 | 609,000 | -179,000 | -3,325,000 | 9,228,000 |
P&L
January 2023turnover
339.7m
+34%
operating profit
31.1m
+457%
gross margin
27.1%
-8.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
997.4m
+0.07%
total assets
1.3b
+0.06%
cash
64.8m
+4.02%
net assets
Total assets minus all liabilities
pizzaexpress (restaurants) limited company details
company number
02805490
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
March 1993
age
31
accounts
Full Accounts
ultimate parent company
previous names
astrosign limited (April 1993)
incorporated
UK
address
building 01 arc uxbridge, sanderson road, uxbridge, middlesex, UB8 1DH
last accounts submitted
January 2023
pizzaexpress (restaurants) limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 12 charges/mortgages relating to pizzaexpress (restaurants) limited. Currently there are 1 open charges and 11 have been satisfied in the past.
pizzaexpress (restaurants) limited Companies House Filings - See Documents
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