How much does Absolute Taste Limited make?

Absolute Taste Limited reported revenue of £35.2m and a loss of £157k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Absolute Taste Limited have?

Absolute Taste Limited reported an average of 363 employees in the year to 31 Mar 2023.

Is Absolute Taste Limited profitable?

No — Absolute Taste Limited reported a loss of £157k in the year to 31 Mar 2023.

Company No. 03308362 · Incorporated 28 Jan 1997

Absolute Taste Limited

Registered name: ABSOLUTE TASTE LIMITED

Part of The Menu Partners Limited group

Absolute Taste Limited made £35.2m revenue and a £157k loss in the year to 31 Mar 2023. read from filing text

Absolute Taste Limited’s revenue grew 36% to £35.2m in the year to 31 Mar 2023, with a loss of £157k and 363 employees. The company is classified under “manufacture of prepared meals and dishes” and is based in Bicester; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10850Manufacture of prepared meals and dishes SIC 56210Event catering activities

Status: Active
Location: Bicester, South East
Age: 29 yrs · since 1997
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.

Latest accounts · year to 31 Mar 2023

Key figures

Capital-light

Revenue

£35.2m

Growth ▲36.1%

Profit

−£157k

Growth —

Profit margin

−0.4%

Gross 28.3%

Employees

363

Change ▲21.4%

Profit / employee

−£433

Revenue/employee £97k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£25.9m	£35.2m
Cost of sales	£18m	£25.2m
Gross profit	£7.9m	£10m
Operating profit	−£858k	−£412k
Profit before tax	−£1m	−£591k
Profit after tax	−£1.1m	−£157k
Profit (best available)	−£1.1m	−£157k
Staff costs	£10.7m	£14.5m
Employees (average)	299	363
Ratios
Profit margin	−4.2%	−0.4%
Gross margin	30.4%	28.3%
Revenue per employee	£86.5k	£97k
Profit per employee	−£3.7k	−£433
Growth (year on year)
Revenue growth	—	▲36.1%
Headcount growth	—	▲21.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£46.8k	£1.7m
Net assets	−£7.4m	−£7.6m
Fixed assets	£778k	£527k
Current assets	£7.5m	£10.6m
Debtors	£1.2m	£2m
Deferred income	£981k	£5.2m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −0.4%; Profit ÷ revenue.
Gross margin: 28.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £97k; Revenue ÷ average employees.
Profit per employee: −£433; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 14.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: —; Now −£7.6m
Cash at bank: ▲3456%; Now £1.7m
Headcount: ▲21%; Now 363
Deferred income: ▲427%; Now £5.2m
Fixed assets: ▼32%; Now £527k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

The Menu Partners Limitedultimate parent75–100%
The Proper Food and Drink Company Limited75–100%
Absolute Taste 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit −£157k), from the Companies House accounts bulk data published Dec 2023. 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.