Fat Duck parent company posts pre-tax loss of £1.4m
The business stated that its management has been working to secure further funding based on an ‘existing strong relationship’ with the company’s bankers
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Heston Blumenthal’s Fat Duck Group posted a pre-tax loss of £1.4m for the year ended 28 May 2023.
In documents filed on Companies House SL6 Ltd, the parent company of Fat Duck and the Hinds Head pub in Bray saw a dip in turnover from £11.5m in 2022 to £9.5m in 2023.
Alongside this, its staff costs increased from £2.9m in 2022 to £3.4m, while the average monthly number of total employees also rose from 104 to 118 during the period.
The company had made a pre-tax loss for two consecutive years until it recorded a £2.4m pre-tax profit in 2022.
The company stated that it was heavily impacted by supply chain inflation, recruitment challenges, and damages to consumer spending as a result of the cost of living crisis.
It also stated it absorbed most of the inflationary pressures during this period instead of passing it onto customers so as not to “affect profitability”.
The business stated that its management has been working to secure further funding based on an “existing strong relationship” with the company’s bankers.
