INDIVIDUAL RESTAURANTS (IRC) LIMITED
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Cash
£1.8M
-60.8% vs 2024
Net assets
-£56M
-16% vs 2024
Employees
1,330
+2,275% vs 2024
Profit before tax
-£11M
-4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-30
| Metric | Trend | 2024-03-31 | 2025-03-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | £75,934,000 | — | |
| Operating profit | -£8,817,000 | -£8,883,000 | -0.7% | |
| Profit before tax | -£10,158,000 | -£10,561,000 | -4% | |
| Net profit | -£9,430,000 | -£10,474,000 | -11.1% | |
| Cash | £4,660,000 | £1,826,000 | -60.8% | |
| Total assets less current liabilities | £17,544,000 | £14,853,000 | -15.3% | |
| Net assets | -£48,593,000 | -£56,344,000 | -16% | |
| Equity | -£48,593,000 | -£56,344,000 | -16% | |
| Average employees | 56 | 1,330 | +2,275% | |
| Wages | £3,309,000 | £27,839,000 | +741.3% | |
| Directors' remuneration | £350,000 | £374,000 | +6.9% |
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 | 2024-03-31 | 2025-03-30 |
|---|---|---|---|
| Operating margin | — | -11.7% | |
| Net margin | — | -13.8% | |
| Return on capital employed | -50.3% | -59.8% | |
| Current ratio | 1.12x | 0.35x | |
| Interest cover | -6.57x | -5.29x |
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
- INDIVIDUAL RESTAURANTS (IRC) LIMITED 2020-11-27 → present
- ICE ACQUISITIONS LIMITED 2004-11-01 → 2020-11-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider it appropriate to prepare the financial statements on the going concern basis due to the continued financial support of the parent group. The parent group have expressed their commitment to provide additional funds to support the company to the extent necessary to meet its obligations for the period of assessment of at least twelve months following the date of approval of the financial statements.”
Group structure
- INDIVIDUAL RESTAURANTS (IRC) LIMITED · parent
- Piccolino Restaurants Limited 100%
- The Restaurant Bar and Grill Limited 100%
- Retail Restaurants Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VAUGHAN, Duncan Andrew | Secretary | 2014-12-31 | — | — |
| DHALIWAL, Tarsem Singh | Director | 2004-12-15 | Oct 1963 | British |
| EWEN, Richard David | Director | 2020-11-02 | Mar 1982 | British |
| GARTON, Andrew Owen | Director | 2023-01-10 | Mar 1982 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERRY, John Graham | Secretary | 2005-03-04 | 2011-04-01 |
| BURRELL, Jayne Katherine | Secretary | 2011-04-01 | 2014-12-31 |
| HARALDSSON, Palmi | Secretary | 2004-12-15 | 2005-03-04 |
| WAKEFIELD, Paul Antony | Secretary | 2004-11-01 | 2004-12-15 |
| FORRESTER, Karen | Director | 2021-10-06 | 2023-01-10 |
| HARALDSSON, Palmi | Director | 2004-12-15 | 2007-03-20 |
| PARRY, Robert | Director | 2004-11-01 | 2004-12-15 |
| PRITCHARD, Andrew Simon | Director | 2005-03-04 | 2012-03-19 |
| ROSS, Stuart Leslie | Director | 2005-03-04 | 2006-01-31 |
| SIGURDSSON, Gunnar | Director | 2004-12-15 | 2007-03-20 |
| WAKEFIELD, Paul Antony | Director | 2004-11-01 | 2004-12-15 |
| WALKER, Malcolm Conrad, Sir | Director | 2005-03-04 | 2020-11-02 |
| WALKER, Richard Malcolm | Director | 2020-11-25 | 2021-10-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lannis Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-28 | Ceased 2024-03-28 |
| Iceland Vlnco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-28 | Ceased 2024-03-28 |
| Wd Ff Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-28 | Active |
| Wd Ff Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-02 | Ceased 2024-03-28 |
| Iceland Midco Limited | Corporate entity | Significant influence | 2016-04-06 | Ceased 2020-11-02 |
Filing timeline
Last 20 of 137 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-31 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-05 | AA | accounts | Accounts with accounts type full | |
| 2024-06-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-12 | AA | accounts | Accounts with accounts type full | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-18 | AA | accounts | Accounts with accounts type full | |
| 2022-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-04 | AA | accounts | Accounts with accounts type 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.