GATE GOURMET LONDON LIMITED

1. GATE GOURMET LONDON LIMITED 1997-11-07 → present
2. BYTESTORM LIMITED 1997-10-20 → 1997-11-07

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 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors of the company assess the basis of preparation of the financial statements each year to determine whether it is appropriate to prepare them on a going concern basis. To support their assessment, the directors have prepared a comprehensive risk assessment and conducted a detailed review of the company's going concern status, focusing on the liquidity position of the business for a 12-month period from the date of approval of the financial statements. Based on current forecasts the Company will continue to rely on the financing entity of the ultimate parent undertaking, gategroup Financial Services S.à.r.l. for funding through loans and cash pool arrangements over the going concern assessment period, and therefore have obtained a letter of support from gategroup Financial Services S.à.r.l., that they will continue to provide such support throughout this period. This support letter commits to not terminating the loan or cash pool arrangements in place and that they will provide additional support up to an amount of £15m should it be required.”

Significant events

• “During 2024, we successfully extended contracts with two of our three largest customers for an additional three and five years respectively.”
• “in early 2025, we secured a two-year contract extension with another major customer, effective from 2025.”
• “during 2024 we made further strategic investments in our premises and equipment to secure and support a major transatlantic customer who operates across three of our sites.”
• “In 2024, our reported revenue grew by 21% to £154m, primarily driven by the addition of new customers.”
• “The gross profit margin slightly improved from 35% to 37%, mainly due to changes in the product mix.”
• “The operating profit margin improved, rising from -7.75% to -5.36% compared to 2023, largely due to increase in revenues.”
• “The industry has continued to face acute staff shortages.”
• “Like all industries, the Company has been impacted by high inflation on both food products and utilities.”
• “In 2024, the DB Pension Schemes entered into a buy-in transaction with a third-party insurer, effectively transferring the majority of the associated risks to the insurer.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +21.2%

  £127,291,000 → £154,333,000

• Cash

  -41.7%

  £5,960,000 → £3,474,000

• Net assets

  -251.6%

  -£3,259,000 → -£11,458,000

• Employees

  +24.8%

  856 → 1,068

• Operating profit

  +16.2%

  -£9,870,000 → -£8,275,000

• Profit before tax

  +8.4%

  -£9,777,000 → -£8,958,000

• Wages

  +15.8%

  £41,634,000 → £48,217,000

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