Watchfinder continues in the red as sales tick below £100m January 2, 2025 Watchfinder continued to make a heavy loss during its latest financial year as its sales dipped below the £100m mark. The London-headquartered business, which sells second-hand watches, has reported a pre-tax loss of £12.6m for the 12 months to 31 March 2024. The figure comes after the firm also lost £12m in the prior year. [...]
Dairy giant Muller loses over £65m after Milk & More sale January 2, 2025 The UK and Ireland arm of dairy giant Muller slumped to a huge loss despite its sales rising by more than £100m, it has been revealed. The Shropshire-headquartered division of the German group fell to a pre-tax loss of £65.3m for 2023, delayed accounts show. The loss comes after the business also made a pre-tax [...]
Marcus Rashford’s investment company faces being forcibly shut down January 2, 2025 The investment company owned by troubled Manchester United star Marcus Rashford is at risk of being forcibly shut down. MUCS Investments Limited, which counts the footballer as its sole director, has been sued with a compulsory strike off notice by Companies House. The action has been taken after the firm failed to file its accounts [...]
Teesworks shareholders get huge pay day as turnover and profit plummet January 2, 2025 Shareholders in the controversial Teesworks development in the North East have received a bumper pay day despite profit and turnover plummeting at the controversial site. The site has been in the headlines since the company behind the scheme became the target of a government investigation in the wake of 90 per cent of its ownership [...]
Abel & Cole owner enters the red as it battles cost-of-living crisis January 2, 2025 The owner of organic vegetables box business Abel & Cole fell into the red despite sales increasing as it battled the impact of the cost-of-living crisis. William Jackson Food Group, which acquired Abel & Cole in 2012, has reported a pre-tax loss of £1.5m for the year to 27 April, 2024. The loss comes after the [...]
Lenovo UK sales near £1bn amid Huawei retreat January 2, 2025 Sales at the UK arm of Chinese technology giant Lenovo jumped closer to the £1bn mark during its latest financial year. The division has reported a turnover of £982.8m for the 12 months to 31 March, 2024, up from the £969.3m it generated in the prior year. Newly-filed accounts with Companies House also show that [...]
Gary Neville’s hotel makes huge loss after Tom Kerridge closure January 2, 2025 A hotel owned by Gary Neville and Ryan Giggs slumped further into the red after the closure of Tom Kerridge’s restaurant, it has been revealed. The Stock Exchange Hotel in Manchester city centre has also posted falling sales despite the publicity it received after Madonna booked the entire hotel out while she was performing in [...]
Record profit for Totally Wicked ahead of single-use vapes ban as sales double in two years January 2, 2025 Profit at Totally Wicked has surged to a new record level ahead of the sale of single-use disposable vapes being banned in England and Wales later this year. The Lancashire-headquartered has reported a pre-tax profit of £8.1m for the 12 months to 31 March, 2024, up from the £3.3m it posted for the prior year. [...]
Myenergi crashes into the red as jobs cut December 20, 2024 Smart home start-up Myenergi has crashed into the red after its sales were cut and it shed more than 100 jobs. The Lincolnshire-based business has reported a pre-tax loss of £24.5m for the year to 31 May, 2024, after having generated a pre-tax profit of £8.8m in the prior year. Newly-filed accounts with Companies House [...]
Harry Potter and the Cursed Child maker remains in the red amid West End troubles December 20, 2024 The company behind the Harry Potter and the Cursed Child stage play remains in the red amid falling sales and show closures, it has been revealed. The joint venture which produces the show across the world has reported a turnover of £41.3m for the year to 31 March, 2024, down from the £45.2m it achieved [...]