Thai Leisure FY revenues fall 3.9% to £31.3m

Thai Leisure Group, the operator behind Chaophraya and fast-casual chain Thaikhun, has reported revenues of £31.3m for the year ended 30 January, down 3.9% from the previous year’s £32.5m. 

According to the group’s filing at Companies House, its performance reflects the challenging consumer environment that has impacted the wider hospitality sector. 

However, the operator of 16 F&B locations managed to hold its gross profit margins relatively stable at 42.28%, compared to 42.51% in the prior year. 

During the period, TLG focused on operational efficiency, which led to 15 out of its 16 restaurants recording a profit. The company’s gross profit of £13.2m, while down from £13.8m the previous year, is said to show the effectiveness of management’s strategy to maintain restaurant-level EBITDA performance.

The group’s 16-restaurant portfolio spans England and Scotland, with Chaophraya’s six premium establishments complemented by 10 Thaikhun fast-casual locations. Management implemented rapid menu changes, enhanced digital marketing, and developed an in-house maintenance team to support site performance.

Looking ahead, TLG is positioning for growth through technology investments across both brands to enhance customer experience and operational efficiency. The company plans to introduce brand elevation initiatives for Chaophraya and implement customer loyalty strategies alongside charitable partnerships.

The directors stated in the filing at Companies House: “The board remains committed to growth, with short and medium term operational and strategic decision making aligned to a longer-term ambition to acquire investment from a suitable partner to take the business to the next level and beyond.”