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