Purplebricks boss: Rental market is ‘completely broken’ and is a ‘disaster for first-time buyers’ October 15, 2024 The rental market is "completely broken" and is a "disaster for first-time buyers", the boss of Purplebricks has said.
Simon Cowell’s talent agency YMU significantly cut loss ahead of sale October 14, 2024 The talent agency that represents the likes of Simon Cowell, Graham Norton and Claudia Winkleman significantly cut its pre-tax loss in the year before it was sold. YMU, whose clients also include Nicole Scherzinger, Stacey Solomon and Ant and Dec, has reported a pre-tax loss of 32m for 2023, according to newly-filed accounts with Companies [...]
Butlin’s: Price changes fail to stop holiday resort chain entering the red October 14, 2024 Holiday resort chain Butlin’s entered the red in the year after it was sold for £300m despite changing its pricing strategy, it has been revealed. The company has posted a pre-tax loss of £24.4m for 2023, according to newly-filed accounts with Companies House. The loss comes after the business, which runs sites in Bognor Regis, [...]
Wren Kitchens owner sheds 1,000 jobs as profit slumps after Ebuyer sale October 14, 2024 Profit at the group behind Wren Kitchens slumped to its lowest level since 2017 as its sales fell back from a record high and it shed 1,000 jobs. The West Retail Group, which is headquartered in Yorkshire, has reported a pre-tax profit of £35.1m for 2023, according to newly-filed accounts with Companies House. The total [...]
Giggling Squid laughs all the way to the bank as Thai restaurant chain returns to profit October 14, 2024 Thai restaurant chain Giggling Squid returned to profit during its latest financial year as it sales hit another record. The Guildford-headquartered company has reported a pre-tax profit of £1.5m for the 12 months to 31 March, 2024. The new total comes after the business fell to a pre-tax loss of £1.9m in the prior year. [...]
Sharkninja: UK’s love affair with air fryers helps brand serve up bumper profit October 14, 2024 The UK’s continued love affair with air fryers helped the European arm of Sharkninja surge back into the black as its sales jumped by over £300m. The Leeds-headquartered division has reported a pre-tax profit of £81.5m for 2023, having made a pre-tax loss of £19.7m in 2022. The last time Sharkninja reported a pre-tax profit [...]
Sales at Elon Musk’s Tesla in reverse after record high October 11, 2024 UK sales at Tesla, the luxury car maker run by Elon Musk, have reversed from their previous record high, it has been revealed. The Manchester-headquartered division has reported a revenue of £2.47bn for 2023, down from the £2.83bn it achieved in 2022. Newly-filed accounts with Companies House also decreased from £42m to £32m over the [...]
Red Bull revenue take flight after multipacks success October 10, 2024 Revenue at energy drink giant Red Bull jumped by almost £90m in 2023 after more people in the UK picked up its multipacks. The London-based division of the Austrian giant has reported a revenue of £594.1m for its latest financial year, up from the £508.6m it posted in 2022. Newly-filed accounts with Companies House also [...]
Porsche sales accelerate to almost £2bn after sales spike October 9, 2024 A spike in Porsche sales in the UK helped the luxury car maker’s revenue accelerate to almost £2bn, it has been revealed. The Berkshire-headquartered division has reported a revenue of £1.92bn for 2023, up from the £1.34bn it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit jumped from £24.4m to [...]
Cinch and Webuyanycar owner slashes loss despite used and electric cars woes October 8, 2024 The owner of Cinch and Webuyanycar slashed its loss almost in half despite suffering a sharp drop in the value of used cars in 2023. Constellation Automotive, whose brands also include Marshall Motor Group and BCA, has reported a pre-tax loss of £74.4m for the year to 31 March, 2024, down from the loss of [...]