How much does Ag Restaurants Ltd make?

Ag Restaurants Ltd reported revenue of £131m and £2.3m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ag Restaurants Ltd have?

Ag Restaurants Ltd reported an average of 2,896 employees in the year to 31 Dec 2024.

Is Ag Restaurants Ltd profitable?

Yes — Ag Restaurants Ltd reported a profit of £2.3m in the year to 31 Dec 2024.

Company No. SC287991 · Incorporated 27 Jul 2005

Ag Restaurants Ltd

Registered name: AG RESTAURANTS LTD

Ag Restaurants Ltd made £131m revenue and £2.3m profit in the year to 31 Dec 2024.

Ag Restaurants Ltd’s revenue fell 3% to £131m in the year to 31 Dec 2024, with £2.3m profit and 2,896 employees. The company is classified under “unlicensed restaurants and cafes” and is based in Glasgow; we hold 3 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56102Unlicensed restaurants and cafes

Status: Active
Location: Glasgow, Scotland
Age: 21 yrs · since 2005
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightCash flow filed

Revenue

£131m

Growth ▼3.4%

Profit

£2.3m

Growth ▲79.3%

Profit margin

1.8%

Gross 66%

Employees

2,896

Change ▼4.8%

Profit / employee

£801

Revenue/employee £45.1k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£120m	£135m	£131m
Cost of sales	£42.7m	£48.2m	£44.5m
Gross profit	£77.4m	£87m	£86.2m
Operating profit	£2m	£2.5m	£2.5m
Profit before tax	£1.9m	£2.4m	£2.5m
Profit after tax	£1.6m	£1.3m	£2.3m
Profit (best available)	£1.6m	£1.3m	£2.3m
Staff costs	£30.9m	£35.4m	£34.5m
Employees (average)	2,683	3,043	2,896
Ratios
Profit margin	1.3%	1%	1.8%
Gross margin	64.5%	64.3%	66%
Revenue per employee	£44.8k	£44.4k	£45.1k
Profit per employee	£601	£425	£801
Cash conversion	−389.6%	−304.1%	−159.3%
Growth (year on year)
Revenue growth	—	▲12.6%	▼3.4%
Profit growth	—	▼19.8%	▲79.3%
Headcount growth	—	▲13.4%	▼4.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£9m	£7.6m	£11.7m
Net assets	£11.4m	£11.2m	£11.6m
Fixed assets	£16.8m	£16.2m	£10.4m
Current assets	£11.5m	£10.2m	£13.8m
Debtors	£29.5k	£4.9k	£2.8k
Deferred income	£2.3m	£1.9m	£1.4m
Cash from operations	−£7.9m	−£7.5m	−£3.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 1.8%; Profit ÷ revenue.
Gross margin: 66%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £45.1k; Revenue ÷ average employees.
Profit per employee: £801; Profit ÷ average employees.
Cash conversion: −159.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▲3%; Now £11.6m
Cash at bank: ▲55%; Now £11.7m
Headcount: ▼5%; Now 2,896
Deferred income: ▼26%; Now £1.4m
Fixed assets: ▼36%; Now £10.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal 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 31 Dec 2024 (profit £2.3m), from the Companies House accounts bulk data published Sep 2025. 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.