THE GREAT AMERICAN BAGEL FACTORY LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

1. THE GREAT AMERICAN BAGEL FACTORY LIMITED 1996-09-19 → present
2. DE FACTO 519 LIMITED 1996-08-01 → 1996-09-19

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. THE GREAT AMERICAN BAGEL FACTORY LIMITED · parent
   1. Bagel Nash Retail Limited 100% · England · Concession Catering

Significant events

• “During the financial year ended 31 December 2023, the business performance has significantly improved with an increase in turnover of 57.6% year on year, recording a profit at EBITDA level and a reduction in loss by £534,383.”
• “The company has continued the expansion plan approved by the shareholders with the opening of 6 new stores in Ealing Broadway London Underground Station in London, in Luton at the London Luton Airport, in Southampton at the West Quay shopping centre, in Covent Garden in the Long Acre in the heart of the London West End, in Liverpool Street in Bloomfield Square ion London just at the entrance of the Elizabeth Line and in Westminster in the London Underground Station.”
• “At the end of financial year 2023 the company has 12 trading stores which include Waterloo Station, Canary Wharf Station, Marylebone Station, Oxford Circus, Tooley Street, Ealing Broadway, Covent Garden, Liverpool Street in London, Luton Airport in Luton, Eldon Square in Newcastle, West Quay Shopping Centre in Southampton and Waverley Station in Edinburgh. Westminster, although it was completed in December 2023, opened for the trade at the beginning of January 2024.”
• “Since the beginning of 2024, the company has expanded further with the opening of further 4 new stores at Clapham Junction Station, Kensington Arcade and Baker Street in London and at National Exhibition Centre NEC in Birmingham. Furthermore, the Bagel Factory Group as all including the other legal entities the subsidiary Bagel Nash (Retail) Limited and the associated company Oi! Bagel Trading Limited has reached the first positive net profitable year since 2016. The Group is also in the process to agree terms with 5 further units which are planned to open in second half of 2024 and at the beginning of 2025.”
• “By 1 October 2023, the company became a plastic-free company with no display of plastic items in our shops, and is consistently working for minimising packaging waste, by putting in place a FIFO policy to reduce food wastage, and an emergency freezing procedure when products are near expiration date.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +57.6%

  £3,057,465 → £4,819,529

• Cash

  +2.6%

  £7,740 → £7,942

• Net assets

  -3.1%

  -£5,031,421 → -£5,188,517

• Employees

  +53.7%

  67 → 103

• Operating profit

  +94.5%

  -£609,914 → -£33,302

• Profit before tax

  +77.3%

  -£691,479 → -£157,096

• Wages

  +38.7%

  £1,183,977 → £1,642,012

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers