KRISPY KREME U.K. LIMITED

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

Grant Thornton

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has prepared forecasts of profitability and working capital requirements for a period to the end of December 2025, taking into account the net current liabilities position at end of 2024, growth plans and the investment needed to sustain the growth in the future. The company has adequate funds to finance working capital requirements and investment plans. The Directors have considered the inflationary pressures and the changing consumer behaviours present at the beginning of 2025 and have prepared different scenarios to ensure the company has adequate funds also in more challenging circumstances. A range of scenarios were assessed in coming to this view and the forecasts have been subjected to sensitivity analysis to reflect this. After reviewing these forecasts of profitability and working capital requirements, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company also has access to adequate funding facilities provided by an intermediate parent company, should they be required. A letter of support is in place. The company therefore continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “During 2024, an increased focus on flavour innovation has helped to attract new customers and drive engagement with the Krispy Kreme brand. Marking the Company's biggest range update in over a decade, eight new doughnuts were introduced to the core range, including the popular Cinnamon Swirl.”
• “Partnerships with iconic brands such as Kit Kat and Aero, alongside IP collaborations with Friends, Barbie and Grinch to launch limited-time products also performed strongly with customers.”
• “2024 also saw the Company open its flagship Oxford Street theatre store, an immersive retail space bringing Krispy Kreme's Hot Light experience to Central London, allowing customers to watch 6,600 Original Glazed doughnuts be made every day.”
• “The Company also developed its Rewards platform, bringing on-board a new CRM partner to improve the user experience, enable more personalised customer communications, and drive more loyal customers.”
• “The Company has now commenced a multi-year turnaround plan to drive more sustainable, profitable growth, with new management reviewing the Company's retail and DFD locations, with a view to being where the customer is and ensuring the Company is set up for the future.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +0.1%

  £119,751,000 → £119,909,000

• Cash

  -40.3%

  £3,604,000 → £2,153,000

• Net assets

  -28.4%

  £19,724,000 → £14,115,000

• Employees

  +1.7%

  1,743 → 1,773

• Operating profit

  -196.1%

  £6,086,000 → -£5,849,000

• Profit before tax

  -205.5%

  £6,128,000 → -£6,465,000

• Wages

  +12.2%

  £38,036,000 → £42,690,000

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