Overview
- The company says all 40 additional locations will be open by 28 February 2026, following 36 openings in the prior year that included its first sites in the south west of England.
- Newly filed accounts show revenue rose about 20% to £278 million in the 12 months to 28 February 2025 as costs tied to new openings and operations widened pre-tax losses to £7.8 million.
- Headcount increased by roughly 500 to just over 4,000 employees over the year as the group scaled its retail estate.
- Wholesale revenue rose from £83.7 million to £96.3 million and retail from £179 million to £219.8 million, with management identifying retail as the faster-growing, more profitable segment and noting supermarket supply deals such as Waitrose and Ocado.
- Bain Capital remains the majority owner, and media reports say Goldman Sachs has been retained to explore new investor options for the business.