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Company No. 07101365 · Incorporated 10 Dec 2009

Chopstix Restaurant Limited

Registered name: CHOPSTIX RESTAURANT LIMITED

Part of QSRP UK Ltd group

Chopstix Restaurant Limited made £18.7m revenue and a £218k loss in the year to 23 Apr 2023.

Chopstix Restaurant Limited’s revenue grew 3% to £18.7m in the year to 23 Apr 2023, with a loss of £218k and 389 employees. The company is classified under “licensed restaurants” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56101Licensed restaurants
Status
Active
Location
London, London
Age
16 yrs · since 2009
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 23 Apr 2023

Key figures

Revenue
£18.7m
Growth ▲2.7%
Profit
−£218k
Growth ▼128.7%
Profit margin
−1.2%
Gross 79%
Employees
389
Change ▲31.4%
Profit / employee
−£562
Revenue/employee £48.2k
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 to24 Apr 202223 Apr 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£18.2m£18.7m
Cost of sales£4.1m£3.9m
Gross profit£14.1m£14.8m
Operating profit£1.5m£311k
Profit before tax£1.2m−£132k
Profit after tax£762k−£218k
Profit (best available)£762k−£218k
Staff costs£6m£6.1m
Employees (average)296389
Ratios
Profit margin4.2%−1.2%
Gross margin77.3%79%
Revenue per employee£61.6k£48.2k
Profit per employee£2.6k−£562
Growth (year on year)
Revenue growth—▲2.7%
Profit growth—▼128.7%
Headcount growth—▲31.4%
Balance sheet — indirect signals, not revenue
Cash at bank£769k£611k
Net assets£672k£454k
Fixed assets£6m£6.6m
Current assets£8.7m£12.8m
Debtors£286k£371k
Deferred income£1.2m£1.4m
SourceFullAccounts · bulk data May 2024FullAccounts · bulk data May 2024
Derived from the latest filing

How the business works

Profit margin
−1.2%
Profit ÷ revenue.
Gross margin
79%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£48.2k
Revenue ÷ average employees.
Profit per employee
−£562
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
35.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
7.3%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
2%
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
▼32%
Now £454k
Cash at bank
▼21%
Now £611k
Headcount
▲31%
Now 389
Deferred income
▲18%
Now £1.4m
Fixed assets
▲9%
Now £6.6m

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

  1. QSRP UK Ltdultimate parent50–75%
  2. Chopstix Group Ltd75–100%
  3. Chopstix Restaurant Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (10)

Sister companies (3)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 23 Apr 2023 (profit −£218k), from the Companies House accounts bulk data published May 2024. 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.