Deliveroo reports 7% revenue growth in UK and Ireland in first quarter as orders accelerate: Deliveroo has reported revenue in the UK and Ireland increased 7% to £327m in first quarter of 2025. The company said gross transactional value (GTV) in the UK and Ireland grew 9% year-on-year, the same as in the fourth quarter of 2024. Orders in the UK and Ireland grew 7% year-on-year to 72.6 million, compared with 5% in the fourth quarter of 2024. GTV per order in the quarter was up 2% in constant currency to £27.60. Deliveroo said GTV and orders were both growing ahead of the market Internationally, GTV growth was up 9% year-on-year in constant currency (10% in the fourth quarter of 2024), with orders up 7% to 30 million. Deliveroo said the performance was driven by “ongoing strength in UAE and Italy offset partially by continued softness in France”. Deliveroo reported group revenue growth of 8% to £518m in constant currency. The company said revenue take rate (percentage of GTV) decreased year-on-year but was flat sequentially “principally due to our continued investments in the consumer value proposition (CVP)”. The company maintained its full-year guidance with GTV growth (in constant currency) anticipated to be in high single-digits percentage growth, with adjusted Ebitda expected to be in the range of £170m-£190m “as we make targeted investments to capture future growth opportunities”. Will Shu, founder and chief executive of Deliveroo, said: “I am really pleased with our strong start to the year, marked by a 9% year-on-year increase in GTV and 7% growth in orders. This represents a further acceleration from the fourth quarter. We made good strides in both the UK and Ireland and International and this improvement is a reflection of our relentless focus on enhancing our CVP. Our CVP investments to date are proving successful, as demonstrated by the accelerating growth in order volumes and our monthly active consumers. We continue to have confidence in delivering our guidance for 2025 while, like many others, remaining mindful of the uncertain macroeconomic environment.”
Next Who’s Who of UK Hospitality to be released to Premium Club subscribers today featuring 907 companies: The next Who’s Who of UK Hospitality will feature 63 updated entries and 24 new companies when it is released to Premium Club subscribers today (Thursday, 17 April), at midday. The database now features 907 companies, and this month’s edition includes more than 243,000 words of content. The companies, listed in alphabetical order, will have their most recent results reported as well as broader information around Ebitda, plans and trading style available. The database merges Companies House information, interviews and other public information to provide an easy to reference and exhaustive guide to the sector. Premium Club subscribers also receive access to five other databases: the
Multi-Site Database, the
New Openings Database, the
Turnover & Profits Blue Book, the
UK Food and Beverage Franchisor Database and the
UK Food and Beverage Franchisee Database. All Premium Club subscribers will be offered a 20% discount on tickets to Propel paid-for events including Excellence in Pub Retail (May 2025) and discounts on specialist sector reports such as the International Brands report. Operators that are Premium Club subscribers are also able to send up to four members of staff to each of our four Multi-Club Conferences for free. Premium Club subscribers receive their daily Propel Info newsletter 11 hours earlier than standard subscribers, at 7pm the evening before. They also receive videos of presentations at eight Propel conference events two weeks after they are held. This represents around 100 videos of industry insight over the course of the year. Premium Club subscribers will be sent a dedicated monthly newsletter that will highlight key updates in the sector and direct subscribers to all the vital content their membership offers. Premium Club subscribers also receive exclusive opinion columns everyFriday at 5pm, which include the thoughts of Propel group editor Mark Wingett and a host of industry leaders from across the sector. A Premium Club subscription costs an annual sum of £495 plus VAT for operators and £595 plus VAT for suppliers. Companies can now have an unlimited number of people receive access to Premium Club for a year for £995 plus VAT – whether they are an operator or supplier.
Email kai.kirkman@propelinfo.com today to sign up.
London food hall operator sees drop in turnover and profit after ceasing restaurant operations: London food hall operator Pearl Investments saw a drop in turnover and profit in the year to 31 March 2024 after ceasing its restaurant operations. As previously reported, the company granted the management of its restaurant, under licence, to Gold Delight at the start of 2024. Pearl Investments still provides management expertise to four other restaurants as well as letting and operating a food hall in the capital. During the year, the company’s turnover dropped from £8,523,338 in 2023 to £7,884,295. Of this, £4,217,998 came from restaurant operations (2023: £5,189,705), £1,241,840 from rent (2023: £1,183,190), £1,130,225 from management fees (2023: £998,282) and £993,806 from service charges (2023: £811,413). A pre-tax profit of £5,260,250 in 2023 dropped to £1,112,877 – although the 2023 figure included £3,833,000 in “other gains” following the revaluation of an investment property. Director Pui Hing Tsui said: “Due to the cessation of the restaurant business, the group’s turnover for the year decreased 7.5%. However, the gross profit margin improved slightly, rising from 81% to 83%. Due to the competitive nature of the catering industry, the company has decided to focus on providing asset management and consultancy services. This strategic shift is evidenced by a 14% increase in management fees, demonstrating the positive impact of the new direction.
