- Cardiff-based SA Brain has reported results for the year to end-Sep 2017 to Companies House saying that revenue declined by 8.9% to £123m with EBITDA down to £9.5m from £13.2m in the prior year.
- SA Brain reports a loss before tax of £100k, down from a profit in 2016 of £3.2m. The group says ‘during the year we understood a number of significant initiatives that will contribute to the long-term development of the group’. It says ‘we encountered a number of trading and cost control challenges which proved difficult to overcome, despite our best efforts to mitigate their effect’.
- Re Coffee No1, SA Brain says ‘total sales grew by 19.4% driven by new store openings’. It says ‘the performance of the new stores was more variable’. The group adds ‘we have undertaken a significant review’ and adds ‘we have slowed our rollout programme slightly’
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