Lotus Bakeries: Biscoff maker continues to see sales soar as customers lap up collaborations September 16, 2024 Lotus Bakeries, the UK division of the brand behind the famous Lotus Biscoff range, has reported another increase in sales as it continues to diversify into unexpected markets, according to newly-filed documents. The company, whose British headquarters are in Cheshire, saw its turnover rise to £75.8m in the year ending December 31, 2023, up from [...]
Mcdonald’s empire hopes new Mcflurry flavours will keep customers happy after ‘bold’ price rises September 16, 2024 “Bold” price rises at a McDonald’s franchise empire helped sales jump by more than £15m during its latest financial year. Run by Andrew Gibson, AG Restaurants runs 27 sites in Glasgow, employs more than 3,000 people and is one of the largest in the UK. The business has reported a turnover of £135.2m for 2023, [...]
Toyota: Revenue surges despite drop in UK market share September 16, 2024 Sales at the UK arm of car making giant Toyota jumped by almost £600m to pass £3.5bn during its latest financial year despite a drop in market share. The Surrey-headquartered company’s revenue for the year to 31 March, 2024, increased from £2.9bn to £3.5bn, according to newly-filed accounts with Companies House. The UK market share [...]
Itsu: Return to the office helps boost sales September 13, 2024 The move by companies to encourage their workforce to return to the office helped sales jump at East Asian-inspired eatery chain Itsu during its latest financial year. The London-headquartered company has posted a turnover of £160.7m for 2023, up from the £137.7m it achieved in 2022. Newly-filed accounts with Companies House also show the brand’s [...]
Carlton Club: A year of ‘successes and challenges’ for London private members’ club September 13, 2024 The Carlton Club has described facing both “successes and challenges” in its latest financial year as it battled high inflation, rising energy costs, train strikes and wage increases. The private members’ club said “unwelcome challenges” impacted its financial performance in 2023 but that it still managed to increase its surplus before tax by almost £200,000. [...]
M6 Toll owner rakes in the profit after price rises September 13, 2024 Profit at the company behind the M6 Toll road accelerated to almost £30m thanks in part to prices being raised in 2023, it has been revealed.
The Lanesborough: Value of five-star London hotel falls as loss widens September 13, 2024 The value of five-star hotel The Lanesborough has been cut as its pre-tax loss widened during its latest financial year.
Hellofresh: Cuts to UK workforce significantly slashes loss September 13, 2024 The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
Portakabin: Sales surge for Portaloo inventor ahead of £1.5bn sale September 13, 2024 Sales jumped by more than £80m at the group behind modular buildings company Portakabin in the year it sold the brand in a deal which transformed its Yorkshire owners into billionaires. York-headquartered Shepherd Group sold Portakabin in June 2024 to French investor Antin Infrastructure Partners for a price reported to be more than £1.5bn. The [...]
Golf brand Ping hails another record year as sales pass £100m September 13, 2024 The European arm of golf brand Ping has hailed another record year as its sales passed £100m for the first time. The Lincolnshire-headquartered business has posted a turnover of £107.5m for 2023, up from the previous record of £90.8m, according to newly-filed accounts with Companies House. The firm has also reported a pre-tax profit of [...]