Crowdcube: Turnover falls by half as losses continue December 13, 2024 Turnover at funding platform Crowdcube fell by half during its latest financial year as it continued to lose money, it has been revealed. The London-headquartered business has reported a turnover of £7.5m for 2023, according to newly-filed accounts with Companies House. The new figure comes after Crowdcube posted a turnover of £14.4m for the 15 [...]
Strathberry: Profit doubles at luxury handbag maker loved by Princess of Wales and Meghan Markle December 12, 2024 Profit more than doubled at luxury handbag maker Strathberry, which counts the Princess of Wales, Jennifer Lopez and Meghan Markle among its fans The Edinburgh-based business has reported a pre-tax profit of £3m for the 12 months to 30 April, 2024, up from the £1.3m it posted in the prior year. Newly-filed accounts with Companies [...]
In The Style cuts job as sales continue to fall ahead of stock exchange return December 12, 2024 In The Style slashed jobs in a bid to stem its losses amid continuing falling sales as its return to the London Stock Exchange edges nearer. The Manchester-headquartered fast-fashion retailer has posted a pre-tax loss of £2.6m for the year to 31 March, 2024, down from the £7.7m loss it reported in the prior 12 [...]
Debts to go unpaid after collapse of Simon Rimmer’s restaurant chain December 12, 2024 How much the well-known restaurant chain co-founded by celebrity chef Simon Rimmer owed when it collapsed into administration has been revealed for the first time. Vegetarian restaurant Greens first opened its doors in Didsbury, Manchester, in 1990 but was forced to close in January 2024. That closure was followed by the chain’s other site in [...]
Kellogg’s serves up loss ahead of Mars mega deal December 12, 2024 The combined UK operations of Kellogg’s have fallen to a loss despite the increasing popularity of its cereals and Pringles boosting sales further past the £1bn mark. Kellogg’s runs two separate companies in the UK from its headquarters in Salford: Kellogg Marketing and Sales Company (UK) and Kellogg Company of Great Britain. As a result [...]
Channel 5 loses £160m ahead of major rebrand amid audience growth December 9, 2024 Channel 5 has insisted its operating model remains stable despite losing almost £160m during 2023, it has been revealed. The channel, which is set to rebrand simply as 5 in April 2025, has slumped to the loss as a result of the value of its investment in Viacom Interactive – a subsidiary of parent company [...]
Fancy coloured diamonds boosts sales at Boodles December 4, 2024 Revenue has increased significantly at Boodles, the historic jewellery retailer, thanks to a rise in demand for white and fancy coloured diamonds. The family-run business, which was founded in 1798, said revealed its trading in the year to 28 February, 2025, has so far been “encouragingly strong” and showing a “significant increase” in revenue and net [...]
Tyson Fury: Property firm set up by Gypsy King at risk of being shut down December 4, 2024 A company set up by former world heavyweight boxing champion Tyson Fury to buy, sell and lease real estate is at risk of being shut down. Greenwaybalmoral Ltd, which is registered to an address near Lancaster, was established in January 2023 and counts Fury as its sole director. But having failed to file any set [...]
London commuter slowdown dents growth at Great Western Railway and Heathrow Express operator December 3, 2024 Fewer London commuters slowed growth at the company behind Great Western Railway and the Heathrow Express, as delays and cancellations became more frequent during its latest financial year. First Great Western (FGW) has said that while the leisure market has “recovered strongly”, the number of commuters into London remain behind December 2019 levels despite have [...]
Avanti West Coast: Ticket sales pass £1bn despite operating troubles December 3, 2024 Turnover at Avanti West Coast jumped past £1bn last year, even as it was named as one of the least reliable rail operators in Britain, it has been revealed. The train operator, which is jointly owned by Firstgroup and Italian rail firm, Trenitalia, has posted a turnover of £1.01bn for the 12 months to 31 [...]