Smeg: Sales cool at kitchenware brand as high interest rates ‘stifle’ demand September 30, 2024 The UK arm of kitchenware brand Smeg suffered lower than expected sales during its latest financial year after increasing interest rates ‘stifled demand’ for its products. The Abingdon-based division has reported a turnover of £65.2m for 2023, down from the £67.2m it posted for 2022. The new total is a step back from Smeg’s previously [...]
Subscriptions success for Opentable September 30, 2024 A rise in subscriptions helped the international arm of restaurant booking service Opentable, which is controlled by Booking.com’s owner, increase its turnover and pre-tax profit during its latest financial year. The London-headquartered division has reported a turnover of £31.7m for 2023, up from the £29.4m it posted for 2022. Newly-filed accounts with Companies House also [...]
Profit slashed at King Charles’ bed maker Sleepeeze ahead of takeover September 30, 2024 Profit at Sleepeeze, King Charles’ favoured bed maker, was slashed by more than 50 per cent in the year before it was acquired, it has been revealed. The Kent-headquartered business has reported a pre-tax profit of £159,261 for 2023, down from the £360,565 it reported for 2022. Newly-filed accounts with Companies House also show its [...]
Pirelli: ‘Strong’ UK price rises helps sales near £500m at tyre giant September 30, 2024 The UK arm of Pirelli has said “strong” price rises helped its sales and pre-tax profit accelerate during its latest financial year. The company has reported a turnover of £471.3m for 2023, up from the £419.3m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit improved from £11.5m to £14.3m [...]
Ringgo: Sales and profit rise as motorists ditch cash to pay for parking September 30, 2024 The number of motorists using pay by phone parking service Ringgo passing 10m helped both its sales and profit increase during its latest financial year. The Basingstoke-headquartered business has reported a turnover of £29.9m for 2023, up from the £25.8m it achieved in 2022. Newly-filed accounts with Companies House also show the firm’s pre-tax profit [...]
Leon: Restaurant chain’s loss-making streak continues amid Asda takeover September 30, 2024 Restaurant chain Leon lost almost £20m in the year it was sold by the billionaire Issa brothers to Asda, it has been revealed. The company had been purchased by the brothers’ Lancashire-based EG Group in 2021 before most of the group’s UK operations were sold to the supermarket giant for £2bn in October 2023. At [...]
Huge pay day for Oasis ticket seller and promoter bosses September 30, 2024 The bosses of the company which was involved in the controversial ticketing and promotion of Oasis’ reunion tour have shared a huge pay day of almost £15m. The six directors of Stockport-headquartered SJM were handed a share of a £14.8m dividend for the company’s latest financial year, up from the £7.3m pay out for 2022. [...]
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 [...]