BUTTERCUP TOPCO 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

Consolidated group

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed the adequacy of the Group's financial resources, through a review of the group's budget and medium-term financial plans. This review included a 'base case' forecast and also a reduced sales scenario. Under the reduced sales scenario, the Group would still have sufficient resources to settle liabilities as they fall due and headroom on its covenants through the duration of the going concern review period. After due consideration of the matters set out above, the directors have satisfied themselves that the Group will have sufficient resources to continue to settle its debts as they fall due and operate within its leverage covenants for the going concern assessment period.”

Group structure

1. BUTTERCUP TOPCO LIMITED · parent
   1. Buttercup Bidco Limited 100% · Holding company
   2. The Alchemist Bar & Restaurant Limited 100% · Restaurateurs
   3. Lavender Bell Limited 100% · Non trading
   4. No 1 New York Street Bar Limited · Non trading
   5. The Alchemist (Leeds) Limited 100% · Non trading
   6. The Alchemist (Glasgow) Limited 100% · Non trading
   7. Lavender Bell Trading Limited 100% · Non trading
   8. London Road Restaurant Limited 100% · Non trading
   9. The Alchemist Germany GmbH 100% · Restaurateurs

Significant events

• “A restructuring of the central operations and sales teams was undertaken during the year, as well as the introduction of a number of efficiencies at site level to optimise labour margin and improve energy usage.”
• “The new venue on Eastcheap opened in February complete with a standalone Negroni bar, the first of its kind in the UK.”
• “Significant and unexpected increases to the cost of employment were introduced in Labour's April 2025 budget.”
• “The Group's auditors changed their name from Haysmacintyre LLP to HaysMac LLP on 18 November 2024.”

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

  -4%

  £60,319,000 → £57,880,000

• Cash

  +1.7%

  £2,965,000 → £3,015,000

• Net assets

  -20.6%

  £9,930,000 → £7,888,000

• Employees

  -9.6%

  1,111 → 1,004

• Operating profit

  -1,543.4%

  -£53,000 → -£871,000

• Profit before tax

  -89.5%

  -£1,099,000 → -£2,083,000

• Wages

  -5.7%

  £22,730,000 → £21,440,000

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