By: Jon Robinson

Jon Robinson is City AM's UK Editor and is tasked with leading the expansion of the publication's business coverage beyond London. Based in Manchester, he focuses on regional stories, aiming to give a national platform to companies outside the M25. He is also the host of Boardroom Uncovered, City AM's podcast featuring candid conversations with the UK's top business leaders about their journeys, challenges and successes.

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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 [...]
Hard Rock Cafe nears return to profit as UK sales rise

September 27, 2024

Hard Rock Cafe took a huge step towards returning to the black in 2023 as it continued its recovery from the Covid-19 pandemic. The themed restaurant chain’s London-headquartered division reported a pre-tax loss of £1m for the 12 months, after having posted a loss of £9.4m for 2022. The last time the company reported a [...]
Nestlé: UK profit almost doubles as sales pass £2bn

September 27, 2024

The UK arm of Nestlé almost doubled its profit in its latest financial year as sales passed £2bn, the company has revealed. The York-headquartered division reported a pre-tax profit of £162.4m for 2023, up from the £82m it achieved in 2022. According to newly-filed accounts with Companies House, the UK arm’s turnover also increased from [...]
Bravissimo: Founder sells up ahead of 30th anniversary

September 27, 2024

Lingerie retailer Bravissimo, which was set up by entrepreneur Sarah Tremellen almost 30 years ago, has been sold to a Japanese giant. The Warwickshire-headquartered company has been snapped up by Wacoal’s European division, which is based in Northamptonshire, for an undisclosed sum. Tremellen has owned Bravissimo with her husband Mike since she founded the firm [...]
Groucho Club: Sales rise fails to stop owner sinking further into the red

September 27, 2024

A jump in sales at the hospitality group behind London’s Groucho Club failed to stop its sinking further into the red during its latest financial year. Somerset-based Artfarm, which is owned by the Swiss art gallery investors Iwan and Manuela Wirth, has reported a turnover of £42.2m for 2023, up from the £28.6m it achieved [...]

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By: Jon Robinson

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