SOUTH West burger chain Hub Box has been severely hit by constantly rising prices and has announced a £1.256m loss. The Cornwall-headquartered company, which has large restaurants in Plymouth and Exeter, had to ask shareholders to inject nearly £500,000 into the business to get it through this winter and defer paying some of its bills.
The business has put a stop on opening any new restaurants for now and has also been stuck with an empty Devon unit it now isn’t going to turn into an eatery but still has to pay rent on. However, Hub Box Ltd’s annual report and financial statements for 2022 revealed the restaurants remain popular and turnover rose to £14.88m from £12.32m in 2021. But the company made a pretax loss of £1.148m, up from a loss of £282,000 the year before. The overall loss for the financial year was £1.256m.
This story is from the January 19, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 19, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
STRIKER CRISIS
GRAY IS NOW THE ONLY FIT FRONTMAN AT HOME PARK
Injuries have left Pilgrims very light in attack
GRAY IS THE ONLY FIT STRIKER AS ARGYLE HIT THE FESTIVE PERIOD
Raiders ends year on a high with victory over the Cobras
PLYMOUTH Raiders got into the Christmas spirit on Sunday with their first competitive game since the win over the Patriots, and they were looking to give the sell-out crowd who packed into the Life Centre an early Christmas gift of a win.
Local lad Trigger returns to Plymouth to ride for Centurians
PLYMOUTH speedway have confirmed the seven riders that will make up their National Development Trophy team for the 2025 season and there is a welcome return for homegrown racer Ben Trigger.
Loyalty card issue for Morrisons
MORRISONS has cut the price of items including turkeys and Champagne for all shoppers, after a system glitch hit its loyalty card yesterday, but some customers may face delayed Christmas orders.
King's focus is on value of health
THE King's Christmas message will focus on the efforts of healthcare workers, following a year that saw Charles and the Princess of Wales treated for cancer.
'Challenge' for Reeves
CHANCELLOR Rachel Reeves has described the \"challenge\" of fixing the economy as \"huge\", after revised official figures showed that the UK economy flatlined in the third quarter of the year.
Santa Bus 'unsafe to drive'
MECHANICAL FAULT STOPS FESTIVE BUS IN ITS TRACKS
A time of hope and goodwill
Spirit of generosity at heart of Christian faith
We need to be ambitious for Plymouth
We asked city MPs and the city council's leader to write their Christmas messages for residents. Here's what they said...
