Bone Daddies profits up 20 per cent on back of burgeoning London food scene

 
Alys Key
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Bone Daddies has made headroom in London with ramen and steamed buns (Source: Bone Daddies)

Hip London ramen chain Bone Daddies increased its profits and turnover last year, as the brand continues to grow its portfolio.

The figures

Turnover grew nearly 20 per cent from £7.1m to £8.5m, while underlying profits increased to just above £890,000.

But the company directors said the weak pound posed some problems in their supply chain which they would continue to work on.

Read more: Small businesses are all at sea over Brexit

Why it's interesting

Bone Daddies has been a fast-growing London food brand for the past few years, along with peers like Grind and Pizza Union making the most of the consumer trend towards spending on eating out rather than shopping.

Last year the fourth Bone Daddies opened in Old Street and pop-up Shackfuyu became a permanent resident of Soho.

Read more: Restaurants and cafes now take up one in five retail units

What Bone Daddies said

Founder Ross Shonhan said:

I’m obviously pleased with the results we’ve just published for the business, and am immensely proud of the teams at all of our restaurants who have worked hard to push the business towards our targets [...] What’s always been important to me is that our business expansion should feel genuine and not forced.

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