Il Fornaio Limited
Registered name: IL FORNAIO LIMITED
Part of Il Fornaio Family Holdings Limited groupIl Fornaio Limited made £17.5m revenue and £1.4m profit in the year to 30 Jun 2025.
Il Fornaio Limited’s revenue grew 32% to £17.5m in the year to 30 Jun 2025, with £1.4m profit and 83 employees. The company is classified under “manufacture of bread; manufacture of fresh pastry goods and cakes” and is based in Parkroyal; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Parkroyal, London
- Age
- 42 yrs · since 1984
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £12.5m | £14.7m | £13.3m | £17.5m |
| Cost of sales | £6.5m | £7.9m | £6.3m | £8.8m |
| Gross profit | £6m | £6.8m | £6.9m | £8.8m |
| Operating profit | £1.5m | £838k | £981k | £2m |
| Profit before tax | £1.4m | £763k | £836k | £1.9m |
| Profit after tax | £1.1m | £732k | £700k | £1.4m |
| Profit (best available) | £1.1m | £732k | £700k | £1.4m |
| Staff costs | £3m | £2.5m | £2.2m | £4m |
| Employees (average) | 113 | 107 | 79 | 83 |
| Ratios | ||||
| Profit margin | 9.2% | 5% | 5.3% | 8.1% |
| Gross margin | 47.8% | 46.4% | 52.3% | 50% |
| Revenue per employee | £110k | £138k | £168k | £211k |
| Profit per employee | £10.2k | £6.8k | £8.9k | £17.1k |
| Cash conversion | −76.6% | −159.8% | −130.9% | −108.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲18.4% | ▼10.1% | ▲32.2% |
| Profit growth | — | ▼36.2% | ▼4.4% | ▲102.6% |
| Headcount growth | — | ▼5.3% | ▼26.2% | ▲5.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.6m | £1.4m | £2.2m | £3.5m |
| Net assets | £2.6m | £3.2m | £3.7m | £4.8m |
| Fixed assets | £965k | £2.8m | £2.3m | £2m |
| Current assets | £4.8m | £5.1m | £6.1m | £8.2m |
| Debtors | £1.9m | £2.2m | £2.2m | £3m |
| Cash from operations | −£1.1m | −£1.3m | −£1.3m | −£2.2m |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 8.1%
- Profit ÷ revenue.
- Gross margin
- 50%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £211k
- Revenue ÷ average employees.
- Profit per employee
- £17.1k
- Profit ÷ average employees.
- Cash conversion
- −108.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 11.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲30%
- Now £4.8m
- Cash at bank
- ▲57%
- Now £3.5m
- Headcount
- ▲5%
- Now 83
- Deferred income
- —
- Now —
- Fixed assets
- ▼12%
- Now £2m
Group structure
Ownership chain
- Il Fornaio Family Holdings Limitedultimate parent75–100%
- Il Fornaio Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £1.4m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.