pizzaexpress (restaurants) limited

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pizzaexpress (restaurants) limited Company Information

Share PIZZAEXPRESS (RESTAURANTS) LIMITED

Company Number

02805490

Shareholders

pizzaexpress ltd

Group Structure

View All

Industry

Licensed restaurants

 

Registered Address

building 01 arc uxbridge, sanderson road, uxbridge, middlesex, UB8 1DH

pizzaexpress (restaurants) limited Estimated Valuation

£398.6m

Pomanda estimates the enterprise value of PIZZAEXPRESS (RESTAURANTS) LIMITED at £398.6m based on a Turnover of £366.8m and 1.09x industry multiple (adjusted for size and gross margin).

pizzaexpress (restaurants) limited Estimated Valuation

£200.1m

Pomanda estimates the enterprise value of PIZZAEXPRESS (RESTAURANTS) LIMITED at £200.1m based on an EBITDA of £28.5m and a 7.01x industry multiple (adjusted for size and gross margin).

pizzaexpress (restaurants) limited Estimated Valuation

£2.5b

Pomanda estimates the enterprise value of PIZZAEXPRESS (RESTAURANTS) LIMITED at £2.5b based on Net Assets of £991.3m and 2.5x 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 £366.8m 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 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £339.7m, make it larger than the average company (£2.2m)

£339.7m - Pizzaexpress (restaurants) Limited

£2.2m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Pizzaexpress (restaurants) Limited

- - Industry AVG

production

Production

with a gross margin of 27.1%, this company has a higher cost of product (59.2%)

27.1% - Pizzaexpress (restaurants) Limited

59.2% - Industry AVG

profitability

Profitability

an operating margin of 9.1% make it more profitable than the average company (5%)

9.1% - Pizzaexpress (restaurants) Limited

5% - Industry AVG

employees

Employees

with 8777 employees, this is above the industry average (47)

8777 - Pizzaexpress (restaurants) Limited

47 - Industry AVG

paystructure

Pay Structure

on an average salary of £14.4k, the company has a lower pay structure (£19.8k)

£14.4k - Pizzaexpress (restaurants) Limited

£19.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £38.7k, this is less efficient (£51.9k)

£38.7k - Pizzaexpress (restaurants) Limited

£51.9k - Industry AVG

debtordays

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

creditordays

Creditor Days

its suppliers are paid after 16 days, this is quicker than average (53 days)

16 days - Pizzaexpress (restaurants) Limited

53 days - Industry AVG

stockdays

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

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (16 weeks)

17 weeks - Pizzaexpress (restaurants) Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 24.6%, this is a lower level of debt than the average (83.4%)

24.6% - Pizzaexpress (restaurants) Limited

83.4% - Industry AVG

PIZZAEXPRESS (RESTAURANTS) LIMITED financials

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Pizzaexpress (Restaurants) Limited's latest turnover from December 2023 is £366.8 million and the company has net assets of £991.3 million. According to their latest financial statements, Pizzaexpress (Restaurants) Limited has 8,709 employees and maintains cash reserves of £60.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Jan 2023Jan 2022Jan 2021Dec 2019Dec 2018Dec 2017Jan 2017Jun 2015Jun 2014Jun 2013Jul 2012Jun 2011Jun 2010
Turnover366,822,000339,718,000252,956,000162,459,000397,751,000397,837,000396,559,000601,005,000382,942,000351,658,000334,619,000332,717,000322,201,000314,747,000
Other Income Or Grants
Cost Of Sales272,461,000247,746,000178,067,000183,956,000309,729,000304,476,000298,002,000429,673,000273,888,000252,160,000265,081,000262,880,000245,484,000237,288,000
Gross Profit94,361,00091,972,00074,889,000-21,497,00088,022,00093,361,00098,557,000171,332,000109,054,00099,498,00069,538,00069,837,00076,717,00077,459,000
Admin Expenses99,121,00060,919,00069,318,000-77,561,00061,511,00057,810,00051,877,00079,656,00048,746,00045,282,00020,379,00017,754,00021,473,00019,139,000
Operating Profit-4,760,00031,053,0005,571,00056,064,00026,511,00035,551,00046,680,00091,676,00060,308,00054,216,00049,159,00052,083,00055,244,00058,320,000
Interest Payable13,017,00014,350,00013,373,00016,819,00011,070,0007,913,0006,918,0002,022,0004,613,0003,842,0003,411,0002,763,000223,000506,000
Interest Receivable11,370,00041,669,00042,504,00038,991,00037,933,00032,462,00028,748,00031,237,00020,670,00017,527,00016,015,00013,857,0003,858,0004,519,000
Pre-Tax Profit-6,407,00058,372,00034,702,00078,236,00053,374,00060,100,00068,473,000120,891,00076,365,00067,901,00061,279,00063,132,00058,641,00062,094,000
Tax271,0004,799,000-3,669,0003,848,000-472,000251,000-1,960,000-3,621,000-3,478,000-15,541,000-13,486,000-15,423,000-12,275,000-16,404,000
Profit After Tax-6,136,00063,171,00031,033,00082,084,00052,902,00060,351,00066,513,000117,270,00072,887,00052,360,00047,793,00047,709,00046,366,00045,690,000
Dividends Paid35,000,000
Retained Profit-6,136,00063,171,00031,033,00082,084,00052,902,00060,351,00066,513,000117,270,00072,887,00017,360,00047,793,00047,709,00046,366,00045,690,000
Employee Costs131,979,000126,725,000104,200,000117,858,000137,672,000134,106,000129,547,000191,295,000122,745,000121,256,000114,556,000113,762,000107,578,000105,355,000
Number Of Employees8,7098,7776,6908,63410,03310,26410,64610,5329,9139,3928,8518,6328,8548,668
EBITDA*28,547,00064,975,00036,570,00094,629,00050,711,00056,026,00067,613,000118,665,00079,252,00071,054,00065,741,00068,428,00070,212,00071,063,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Jan 2023Jan 2022Jan 2021Dec 2019Dec 2018Dec 2017Jan 2017Jun 2015Jun 2014Jun 2013Jul 2012Jun 2011Jun 2010
Tangible Assets114,451,000111,305,000232,153,000238,568,000202,568,000178,946,000192,861,000194,205,000186,142,000176,010,000171,963,000176,504,000166,414,000155,331,000
Intangible Assets123,180,000126,190,0002,734,0002,915,0004,223,0004,740,0003,907,0002,036,0001,148,0002,911,000
Investments & Other2,190,0001,920,0001,459,0001,459,0001,459,0001,459,0001,459,0001,459,0001,459,0001,459,0001,459,0001,459,000
Debtors (Due After 1 year)790,00034,147,00032,365,00030,582,00028,799,00026,091,000
Total Fixed Assets239,821,000239,415,000234,887,000240,693,000206,791,000217,510,000228,809,000226,499,000214,840,000180,380,000173,422,000177,963,000167,873,000156,790,000
Stock & work in progress2,631,0002,274,0002,148,0001,878,0002,883,0007,191,0006,846,0006,574,0007,234,0009,849,0009,260,0008,964,0006,841,0007,233,000
Trade Debtors1,294,0002,022,0001,751,000612,0001,918,0003,128,0003,227,0003,516,0004,118,0002,178,000
Group Debtors1,017,887,000999,520,000984,423,000944,662,000952,660,000814,977,000716,395,000636,473,000498,060,000473,369,000429,380,000355,784,000311,630,000294,076,000
Misc Debtors16,537,00015,028,00012,947,00010,453,00018,701,00018,614,00019,237,00017,163,00013,847,00011,728,00014,685,00013,783,00019,890,00013,805,000
Cash60,527,00064,775,00012,916,0001,030,0008,049,0008,678,0009,386,0007,693,0006,263,00021,181,0006,333,0005,724,0005,903,0009,228,000
misc current assets
total current assets1,098,876,0001,083,619,0001,014,383,000958,833,000984,781,000852,588,000755,091,000671,419,000529,522,000518,305,000459,658,000384,255,000344,264,000324,342,000
total assets1,338,697,0001,323,034,0001,249,270,0001,199,526,0001,191,572,0001,070,098,000983,900,000897,918,000744,362,000698,685,000633,080,000562,218,000512,137,000481,132,000
Bank overdraft
Bank loan
Trade Creditors 12,844,00010,970,0009,242,0003,411,0007,340,00012,616,00012,411,00011,810,0007,074,00011,718,0008,137,0009,341,00015,417,0007,696,000
Group/Directors Accounts150,090,000134,328,000211,643,000186,946,000170,483,000144,325,000168,261,000134,645,000110,215,000104,821,000125,809,000
other short term finances
hp & lease commitments14,311,00010,642,00014,077,00017,812,000100,000177,000344,000
other current liabilities40,110,00034,665,000161,204,000141,282,000346,553,00060,800,00057,451,00060,108,00053,261,00052,072,00035,182,00035,149,00031,791,00032,523,000
total current liabilities217,355,000190,605,000184,523,000162,505,000353,893,000285,059,000256,808,000242,401,000204,660,000232,051,000177,964,000154,805,000152,206,000166,372,000
loans253,492,000256,890,000
hp & lease commitments128,615,000134,139,000126,746,000128,445,000177,000
Accruals and Deferred Income
other liabilities
provisions1,452,000879,0007,522,00010,738,00027,930,00010,051,00012,455,00012,984,00014,439,00014,258,00015,525,00015,615,00015,848,00016,866,000
total long term liabilities130,067,000135,018,000130,507,000133,814,00013,965,00010,051,00012,455,00012,984,00014,439,00014,258,00015,525,00015,615,00015,848,00017,043,000
total liabilities347,422,000325,623,000315,030,000296,319,000367,858,000295,110,000269,263,000255,385,000219,099,000246,309,000193,489,000170,420,000168,054,000183,415,000
net assets991,275,000997,411,000934,240,000903,207,000823,714,000774,988,000714,637,000642,533,000525,263,000452,376,000439,591,000391,798,000344,083,000297,717,000
total shareholders funds991,275,000997,411,000934,240,000903,207,000823,714,000774,988,000714,637,000642,533,000525,263,000452,376,000439,591,000391,798,000344,083,000297,717,000
Dec 2023Jan 2023Jan 2022Jan 2021Dec 2019Dec 2018Dec 2017Jan 2017Jun 2015Jun 2014Jun 2013Jul 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-4,760,00031,053,0005,571,00056,064,00026,511,00035,551,00046,680,00091,676,00060,308,00054,216,00049,159,00052,083,00055,244,00058,320,000
Depreciation16,148,00016,816,00029,754,00037,070,00022,858,00019,340,00020,087,00026,936,00016,780,00016,838,00016,582,00016,345,00014,968,00012,743,000
Amortisation17,159,00017,106,0001,245,0001,495,0001,342,0001,135,000846,00053,0002,164,000
Tax271,0004,799,000-3,669,0003,848,000-472,000251,000-1,960,000-3,621,000-3,478,000-15,541,000-13,486,000-15,423,000-12,275,000-16,404,000
Stock483,000126,000270,0001,878,000-4,308,000345,0006,846,0006,574,000-2,615,000589,000296,0002,123,000-392,0007,233,000
Debtors36,597,00017,449,00042,604,000956,517,000138,342,00099,643,000769,441,000685,951,00054,841,00043,210,00074,498,00038,047,00023,639,000307,881,000
Creditors3,602,0001,728,0005,831,0003,411,000-5,276,000205,00012,411,00011,810,000-4,644,0003,581,000-1,204,000-6,076,0007,721,0007,696,000
Accruals and Deferred Income-121,094,000-126,539,00019,922,000141,282,000285,753,0003,349,00057,451,00060,108,0001,189,00016,890,00033,0003,358,000-732,00032,523,000
Deferred Taxes & Provisions-6,070,000-6,643,000-3,216,00010,738,00017,879,000-2,404,00012,455,00012,984,000181,000-1,267,000-90,000-233,000-1,018,00016,866,000
Cash flow from operations-131,824,000-79,255,00012,564,000-704,487,000214,561,000-42,561,000-628,317,000-492,579,00020,274,00030,918,000-23,800,0009,884,00040,661,000-203,370,000
Investing Activities
capital expenditure-36,051,000-36,530,000-24,403,000-280,048,000-47,305,000-7,393,000-217,701,000-223,230,000-27,313,000-23,796,000-12,041,000-26,435,000-26,051,000-168,074,000
Change in Investments2,190,0001,920,0001,459,0001,459,0001,459,000
cash flow from investments-38,241,000-38,450,000-24,403,000-280,048,000-47,305,000-7,393,000-219,160,000-224,689,000-27,313,000-23,796,000-12,041,000-26,435,000-26,051,000-169,533,000
Financing Activities
Bank loans
Group/Directors Accounts150,090,000134,328,000-211,643,00024,697,000186,946,000170,483,000-23,936,00033,616,00024,430,0005,394,000-20,988,000125,809,000
Other Short Term Loans
Long term loans-253,492,000-253,492,000-3,398,000256,890,000
Hire Purchase and Lease Commitments2,103,0003,958,000-5,434,000146,257,000-100,000-77,000-344,000521,000
other long term liabilities
share issue63,171,000821,123,000-4,176,000648,124,000525,263,000-4,575,0006,000252,027,000
interest-1,647,00027,319,00029,131,00022,172,00026,863,00024,549,00021,830,00029,215,00016,057,00013,685,00012,604,00011,094,0003,635,0004,013,000
cash flow from financing-39,775,000-87,887,00020,299,0001,246,442,000-188,956,00049,246,000856,900,000724,961,000-7,879,00042,726,00036,934,00016,417,000-17,697,000382,370,000
cash and cash equivalents
cash47,611,00051,859,00011,886,0001,030,000-629,000-708,0009,386,0007,693,000-14,918,00014,848,000609,000-179,000-3,325,0009,228,000
overdraft
change in cash47,611,00051,859,00011,886,0001,030,000-629,000-708,0009,386,0007,693,000-14,918,00014,848,000609,000-179,000-3,325,0009,228,000

pizzaexpress (restaurants) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Pizzaexpress (restaurants) Limited Competitor Analysis

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Perform a competitor analysis for pizzaexpress (restaurants) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mega companies, companies in UB8 area or any other competitors across 12 key performance metrics.

pizzaexpress (restaurants) limited Ownership

PIZZAEXPRESS (RESTAURANTS) LIMITED group structure

Pizzaexpress (Restaurants) Limited has 6 subsidiary companies.

PIZZAEXPRESS (RESTAURANTS) LIMITED Shareholders

pizzaexpress ltd 100%

pizzaexpress (restaurants) limited directors

Pizzaexpress (Restaurants) Limited currently has 5 directors. The longest serving directors include Mrs Nicola Bowley (Jan 2015) and Miss Mandeep Sandhu (Oct 2021).

officercountryagestartendrole
Mrs Nicola BowleyUnited Kingdom53 years Jan 2015- Director
Miss Mandeep SandhuUnited Kingdom48 years Oct 2021- Director
Ms Paula MacKenzieUnited Kingdom48 years Jun 2022- Director
Mr Colin ElliotUnited Kingdom60 years Jan 2025- Director
Mr Colin ElliotJersey60 years Jan 2025- Director

P&L

December 2023

turnover

366.8m

+45%

operating profit

-4.8m

-185%

gross margin

25.8%

-13.11%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

991.3m

+0.06%

total assets

1.3b

+0.07%

cash

60.5m

+3.69%

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

32

incorporated

UK

ultimate parent company

WHEEL TOPCO LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

astrosign limited (April 1993)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

building 01 arc uxbridge, sanderson road, uxbridge, middlesex, UB8 1DH

Bank

-

Legal Advisor

-

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 Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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pizzaexpress (restaurants) limited Companies House Filings - See Documents

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