Ab Inbev: Budweiser, Stella Artois and Corona producer continues to make huge loss despite price rises September 30, 2024 The UK arm of Ab Inbev, which brews Budweiser, Stella Artois and Corona, continued to make a substantial loss during its latest financial year despite raising its prices. The London-headquartered division not made a pre-tax profit since the £40.9m it reported in 2020. Since then the business has lost £6.4m in 2021, £89.5m in 2022 [...]
Dishoom creates hundreds of jobs and serves up record sales September 30, 2024 Dishoom created almost 300 jobs as its sales surged past the £100m mark during its latest financial year, it has been revealed. The London-headquartered restaurant chain has posted a turnover of £116.8m for 2023, according to newly-filed accounts with Companies House. The latest figure comes after Dishoom reported a turnover of £94.9m for the previous [...]
Married at First Sight maker slips further into the red September 27, 2024 The maker of Married at First Sight and A League of Their Own slipped further into the red during its latest financial year. Seven.One Studios has reported a pre-tax loss of £2.7m for 2023, having also made a loss of £311,809 in the prior 12 months. The last time the London-based firm made a pre-tax profit [...]
Hard Rock Cafe nears return to profit as UK sales rise September 27, 2024 Hard Rock Cafe took a huge step towards returning to the black in 2023 as it continued its recovery from the Covid-19 pandemic. The themed restaurant chain’s London-headquartered division reported a pre-tax loss of £1m for the 12 months, after having posted a loss of £9.4m for 2022. The last time the company reported a [...]
Nestlé: UK profit almost doubles as sales pass £2bn September 27, 2024 The UK arm of Nestlé almost doubled its profit in its latest financial year as sales passed £2bn, the company has revealed. The York-headquartered division reported a pre-tax profit of £162.4m for 2023, up from the £82m it achieved in 2022. According to newly-filed accounts with Companies House, the UK arm’s turnover also increased from [...]
Groucho Club: Sales rise fails to stop owner sinking further into the red September 27, 2024 A jump in sales at the hospitality group behind London’s Groucho Club failed to stop its sinking further into the red during its latest financial year. Somerset-based Artfarm, which is owned by the Swiss art gallery investors Iwan and Manuela Wirth, has reported a turnover of £42.2m for 2023, up from the £28.6m it achieved [...]
Abba Voyage doubles profit as sales pass £100m September 27, 2024 The company behind London’s Abba Voyage experience more than doubled its pre-tax profit as its turnover passed the £100m mark during 2023, it has been revealed. The business has reported a profit of £6m for the 12 months, up from the £3m it achieved in 2022. According to newly-filed accounts with Companies House, Abba Voyage’s [...]
Passengers provide welcome boost to Newcastle and Liverpool John Lennon airports September 26, 2024 A surge in passenger numbers helped profit at Newcastle International Airport take off during its latest financial year. The transport hub has reported a pre-tax profit of £10.2m for 2023, newly-filed accounts with Companies House have revealed. The total comes after the airport posted a pre-tax profit of £135,000 for 2022. The new accounts also [...]
Leonardo Hotels slashes losses by more than £50m September 26, 2024 Leonardo Hotels slashed its pre-tax loss by more than £50m during its latest financial year thanks to the market continuing its post-pandemic recovery. The group, which has hotels in the North West, North East, West Midlands, London, South West and Scotland, has reported a pre-tax loss of £3.7m for 2023. The latest figure comes after Leonardo [...]
Mindful Chef: New delivery charge helps slash loss September 26, 2024 Mindful Chef introducing a delivery charge helped to significantly cut its annual loss despite its sales also falling, it has been revealed. The London-headquartered business has reported a pre-tax loss of £1.7m for 2023, after also losing £7.4m in 2022. Newly-filed accounts with Companies House also show that Mindful Chef’s turnover fell from £58.8m to [...]