Bone Daddies tees up new concept as it returns to profit

While details on the new concept are limited, information in the London-based group’s latest accounts reveal that it is expected to launch over the summer.

Additionally, the group is ‘actively seeking’ new sites for its three existing brands to add to the openings pipeline.

Bone Daddies currently operates seven sites across the capital under its eponymous core brand.

Its portfolio also includes Japanese izakaya brand Flesh & Buns, which has two restaurants in Oxford Circus and Covent Garden; Shackfuyu in Soho, which is inspired by the Western-influenced Japanese yoshoku cooking style; and a production facility in Bermondsey.

In its latest accounts covering the period from 1 October 2022 to 24 September 2023 (FY23), the group saw revenue rise 4% to £18m, up from £17.3m the previous year.

The group is also back in the black, reporting a pre-tax profit of £26,884 in FY23 compared to a loss of £348,378 in FY22.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose from £779,596 to £950,327 over the period.

Describing it as a ‘record result’ for the group, Paul Black, Bone Daddies’ head of finance, said the results represented a ‘strong year of trading achieved despite significant challenges across the hospitality industry’.