PATISSERIE VALERIE PRODUCTION LIMITED
Operating as the manufacturing arm of the Patisserie Valerie bakery chain, the company produces handmade cakes and pastries for retail, online delivery, and wholesale distribution under the ownership of Irish growth investor Causeway Capital.
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Cash
£195k
lowest in 3 filed years
Net assets
-£21m
lowest in 3 filed years
Employees
96
lowest in 3 filed years
Profit before tax
-£1.9m
Period ending 2025-12-28
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The accounts show that the company has recorded a net loss before taxation of £1,865,261 and has net liabilities of £21.36m... These events and conditions indicate the existence of a material uncertainty that may cast significant doubt on the group's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Staples median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-28
| Metric | Trend | 2024-03-31 | 2024-12-29 | 2025-12-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £10,570,062 | £7,821,171 | £9,798,514 | — | |
| Operating profit | £5,353,293 | -£369,023 | £169,596 | — | |
| Profit before tax | £2,744,469 | -£1,779,618 | -£1,865,261 | — | |
| Net profit | £2,744,469 | -£1,779,618 | -£1,865,261 | — | |
| Cash | £399,340 | £365,209 | £195,307 | — | |
| Total assets less current liabilities | £797,526 | -£105,638 | -£1,661,462 | — | |
| Net assets | -£17,719,158 | -£19,498,776 | -£21,364,037 | — | |
| Equity | — | — | — | — | |
| Average employees | 119 | 100 | 96 | — | |
| Wages | £2,781,630 | £1,992,325 | £2,575,117 | — | |
| Directors' remuneration | £141,052 | — | — | — | |
| Directors' pension contributions | £1,101 | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 9 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2024-12-29 | 2025-12-28 |
|---|---|---|---|---|
| Operating margin | 50.6% | -4.7% | 1.7% | |
| Net margin | 26.0% | -22.8% | -19.0% | |
| Return on capital employed | 671.2% | — | — | |
| Gearing (liabilities / total assets) | 713.5% | 862.0% | 1372.5% | |
| Current ratio | 1.25x | 0.88x | 0.46x | |
| Interest cover | 2.05x | -0.26x | 0.08x |
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
- PATISSERIE VALERIE PRODUCTION LIMITED 2019-02-28 → present
- PIPPEN PRODUCTION LIMITED 2019-02-13 → 2019-02-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Kilsby & Williams LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The accounts show that the company has recorded a net loss before taxation of £1,865,261 and has net liabilities of £21.36m... These events and conditions indicate the existence of a material uncertainty that may cast significant doubt on the group's ability to continue as a going concern.”
Significant events
- “During the year the company entered into transactions relating to exceptional items including business interruption insurance claim proceeds of £750,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCMAHON, Dermot | Director | 2025-11-05 | Sep 1977 | Irish |
| PATEL, Vikesh Kumar | Director | 2021-08-04 | Nov 1982 | British |
| SCAIFE, Matthew Richard | Director | 2019-02-13 | Dec 1982 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLEMING, James Andrew | Director | 2020-10-30 | 2024-10-29 |
| HUGHES-WARD, Jenni Louise | Director | 2021-05-17 | 2024-01-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Causeway Cgp Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors (as firm), Significant influence (as firm) | 2019-02-13 | Ceased 2019-02-13 |
| Causeway Cgp Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm), Significant influence (as firm) | 2019-02-13 | Ceased 2019-02-13 |
| Flour Power Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-13 | Active |
Filing timeline
Last 20 of 50 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-04-28 | CH01 | officers | Change person director company with change date | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-17 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-18 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2025-07-18 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2025-06-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-03 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-06-02 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | AA | accounts | Accounts with accounts type full | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-14 | CH01 | officers | Change person director company with change date | |
| 2025-03-14 | CH01 | officers | Change person director company with change date | |
| 2024-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-01 | DISS40 | gazette | Gazette filings brought up to date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- 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.