Granite Restaurants Ltd
Registered name: GRANITE RESTAURANTS LTD
Granite Restaurants Ltd made £30.3m revenue and £282k profit in the year to 31 Dec 2023.
Granite Restaurants Ltd’s revenue grew 13% to £30.3m in the year to 31 Dec 2023, with £282k profit and 684 employees. The company is classified under “unlicensed restaurants and cafes” and is based in Exeter; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Exeter, South West
- Age
- 13 yrs · since 2013
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £23.8m | £26.8m | £30.3m |
| Cost of sales | £8.4m | £9.9m | £10.9m |
| Gross profit | £15.4m | £17m | £19.3m |
| Operating profit | £1.2m | −£481k | £501k |
| Profit before tax | £1.1m | −£572k | £385k |
| Profit after tax | £833k | −£371k | £282k |
| Profit (best available) | £833k | −£371k | £282k |
| Staff costs | £6.2m | £8m | £8.7m |
| Employees (average) | 605 | 651 | 684 |
| Ratios | |||
| Profit margin | 3.5% | −1.4% | 0.9% |
| Gross margin | 64.7% | 63.2% | 63.8% |
| Revenue per employee | £39.3k | £41.2k | £44.2k |
| Profit per employee | £1.4k | −£570 | £412 |
| Cash conversion | −99.1% | — | −327.7% |
| Growth (year on year) | |||
| Revenue growth | — | ▲12.8% | ▲12.9% |
| Profit growth | — | ▼144.6% | — |
| Headcount growth | — | ▲7.6% | ▲5.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.8m | £1.2m | £1.4m |
| Net assets | £1m | £442k | £689k |
| Fixed assets | £3.5m | £4.8m | £4.2m |
| Current assets | £2.1m | £1.5m | £1.8m |
| Debtors | £104 | £147 | £181 |
| Cash from operations | −£1.1m | −£934k | −£1.6m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 0.9%
- Profit ÷ revenue.
- Gross margin
- 63.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £44.2k
- Revenue ÷ average employees.
- Profit per employee
- £412
- Profit ÷ average employees.
- Cash conversion
- −327.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 14%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲56%
- Now £689k
- Cash at bank
- ▲24%
- Now £1.4m
- Headcount
- ▲5%
- Now 684
- Deferred income
- —
- Now —
- Fixed assets
- ▼12%
- Now £4.2m
Similar profitable businesses
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- Revenue
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- Profit
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- Staff
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- Profit
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- Staff
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- W. Liddy & Company LimitedCramlington · Unlicensed restaurants and cafes
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- Profit
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- Staff
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- BPNC LimitedStroud · Unlicensed restaurants and cafes
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- PGL Enterprises LimitedLlandudno · Unlicensed restaurants and cafes
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- LLPT Foods LimitedDerby · Unlicensed restaurants and cafes
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £282k), from the Companies House accounts bulk data published Dec 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.