Mexican Grill Ltd
Registered name: MEXICAN GRILL LTD
Part of Tortilla Mexican Grill PLC groupMexican Grill Ltd made £58.9m revenue and a £726k loss in the year to 29 Dec 2024.
Mexican Grill Ltd’s revenue fell 1% to £58.9m in the year to 29 Dec 2024, with a loss of £726k and 1,098 employees. The company is classified under “licensed restaurants” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 21 yrs · since 2005
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 29 Dec 2023 | 31 Dec 2023 | 29 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £59.3m | £59.3m | £58.9m |
| Cost of sales | −£13.4m | −£13.4m | −£13.7m |
| Gross profit | £45.9m | £45.9m | £45.1m |
| Operating profit | −£1.2m | −£1.2m | −£411k |
| Profit before tax | −£1.5m | −£1.5m | −£744k |
| Profit after tax | −£1.8m | −£1.8m | −£726k |
| Profit (best available) | −£1.8m | −£1.8m | −£726k |
| Employees (average) | 1,139 | 1,139 | 1,098 |
| Ratios | |||
| Profit margin | −3% | −3% | −1.2% |
| Gross margin | 77.3% | 77.3% | 76.6% |
| Revenue per employee | £52.1k | £52.1k | £53.6k |
| Profit per employee | −£1.6k | −£1.6k | −£662 |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼0.7% |
| Headcount growth | — | — | ▼3.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Dec 2025 | Accounts · bulk data Sep 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −1.2%
- Profit ÷ revenue.
- Gross margin
- 76.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £53.6k
- Revenue ÷ average employees.
- Profit per employee
- −£662
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼4%
- Now 1,098
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Tortilla Mexican Grill PLCultimate parent75–100%
- Mexican Grill Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- California Grill LtdRev. £0 · Profit −£199k
- Mexican Grill International Franchise LimitedFigures not disclosed
Sister companies (1)
- Chilango LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 29 Dec 2024 (profit −£726k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.