Th UK & Ireland Limited
The principal activity of the Company in the year under review was that of operating Tim Hortons restaurants. The restaurants trade in the fast food and drink market and are situated across high street and drive-through locations. The typical menu offering comprises hot and cold beverages, breakfast and lunch deals and baked goods. The company holds the master franchise rights to Tim Hortons restaurants in the United Kingdom. The following stores were opened in the year to 31 December 2022: Manchester - Warrington (England) 14/01/2022 Ipswich (England) 20/01/2022 Ballymena (Northern Ireland) 31/01/2022 Braintree (England) 15/02/2022 Weston Super Mare (England) 17/02/2022 Stockport (England) 24/02/2022 Antrim (Northern Ireland) 01/03/2022 Stirling (Scotland) 18/03/2022 Milton Keynes (England) 04/04/2022 Oldbury (England) 26/05/2022 Manchester (England) 30/05/2022 Brierley Hill (England) 20/06/2022 Teesside (England) 20/06/2022 Dunstable (England) 29/06/2022 Portadown (Northern Ireland) 30/06/2022 London - Park Royale (England) 01/07/2022 Mansfield (England) 14/07/2022 Plymouth (England) 01/08/2022 Manchester - Trafford Park (England) 29/08/2022 Leicester (England) 21/09/2022 Chichester (England) 29/09/2022 Selby (England) 06/10/2022 Derby (England) 12/10/2022 Gravesend (England) 26/10/2022 Watford (England) 28/11/2022 Burnley (England) 30/11/2022 Swansea (Wales) 05/12/2022 Dundee (Scotland) 12/12/2022 Belfast (Northern Ireland) 12/12/2022 Nuneaton (England) 12/12/2022 Penrith (England) 15/12/2022 The following stores were closed in the year to 31 December 2022: Glasgow - Hamilton Park (Scotland) 12/06/2022 Manchester - Altrincham (England) 18/09/2022
Revenue
£87.9m
▲ +91.0% vs prior ~12m period
Profit after tax
-£15.0m
Margin -17.3%
Employees
2,218
▲ +114.7% vs prior ~12m period
Net assets
£52.5m
Total assets £78.8m
Financial history
Revenue by accounting period
3 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2022 | £87.9m | ▲ +91.0% | -£15.2m | 2,218 | £52.5m |
| 31 Dec 2021 | £46.0m | — | -£3.1m | 1,033 | £32.5m |
| 31 Dec 2020 | — | — | — | — | £15.2m |
Latest available figures
Period ending 31 Dec 2022. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
These are the most recent accounts available to us; more recent accounts may exist at Companies House.
Profit & loss
- Revenue
- £87.9m
- Gross profit
- £7.4m
- Operating profit
- Not available
- Profit before tax
- -£15.2m
- Profit after tax
- -£15.0m
Balance sheet
- Total assets
- £78.8m
- Cash
- £6.6m
- Total liabilities
- £26.3m
- Net assets
- £52.5m
- Revenue per employee
- £40k
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