BAGEL NASH (RETAIL) LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  At the period end the company had net current liabilities of £1,204,659 (2022: £1,221,306 restated). The company is reliant on its ultimate parent company Cremonini S.p.A. for financial support. The directors of Cremonini S.p.A. have confirmed that it is their intention to make resources available as necessary for the company to remain a going concern for at least 12 months from the date of signing the balance sheet.

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

Material uncertainty disclosed

“At the period end the company had net current liabilities of £1,204,659 (2022: £1,221,306 restated). The company is reliant on its ultimate parent company Cremonini S.p.A. for financial support. The directors of Cremonini S.p.A. have confirmed that it is their intention to make resources available as necessary for the company to remain a going concern for at least 12 months from the date of signing the balance sheet.”

Group structure

1. BAGEL NASH (RETAIL) LIMITED · parent
   1. Oi! Bagel Trading Limited

Significant events

• “During the financial year ended 31 December 2023, the business performance has significantly improved with an increase in turnover of 43.6% year on year and recording a net profit for the first time since the acquisition. The drivers of this improvement are the standardisation of the food offer, the introduction of the loyalty scheme with the Bagel Factory app, the refresh in the brand image and the investment to replace obsolete equipment and the successful opening of the new store in Birmingham Grand Central, in the first floor of New Street Station.”
• “For the year ahead in 2024 the company has entered in new lease agreement for a new store in Liverpool One shopping centre in Liverpool, which opened for trade on 18 April 2024, has won the tender with Network Rail to open a new unit in Manchester Piccadilly Station and has reached an agreement for another site in Manchester in Circle Square in Oxford Road.”
• “By the 1st of October 2023 the company is becoming plastic-free with no display of plastic items in our shops and is consistently working to minimise packaging waste by putting in place a FIFO policy to reduce the 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

8

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

  +43.7%

  £1,892,726 → £2,720,707

• Cash

  +65.2%

  £62,312 → £102,966

• Net assets

  -1.9%

  -£468,223 → -£477,110

• Employees

  -8.5%

  47 → 43

• Operating profit

  +168.7%

  -£82,092 → £56,437

• Profit before tax

  +93.2%

  -£129,919 → -£8,877

• Wages

  +37.4%

  £520,800 → £715,375

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