REG - Bow Street Group PLC - Trading Update

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RNS Number : 4269O  Bow Street Group PLC  12 January 2026

12 January 2026

Bow Street Group plc

("Bow Street Group", the "Group" or the "Company")

 

Trading Update

 

Bow Street Group (AIM: BOW), the owner and operator of "Wildwood" and "dim t"
restaurants, announces the following trading update for the financial year
ended 28 December 2025 ("FY25").

 

The Company has experienced a year of relative calm after several years of
post-Covid disruption and turmoil. Trading stabilised during the final quarter
of FY25 and the Group's restaurants had a successful four weeks in the run up
to Christmas, with some restaurants experiencing record trading. Group revenue
for the four weeks ended 28 December 2025 rose by over 1.3% on a like-for-like
basis, and this was an encouraging end to the year. The Company expects to
report FY25 results in line with current market expectations.

 

In September 2025 £10.1m of new funds (before expenses) were raised and David
Page was appointed as Executive Chairman and Nick Wong was appointed as CFO.
The Company was also renamed "Bow Street Group plc", which completed the trio
of a new name, a recapitalised balance sheet and a revitalised team. A
comprehensive review of the Group's estate immediately commenced following the
fundraising and over 280 work streams have been set up to improve performance
in all areas of the business. The Company expects to realise the benefits of
this review in the coming year.

 

The current estate has a mixture of long leases and short/very short leases
and each restaurant will be judged on its merits and performance. Further to
the review outlined above, an agreement has been reached in connection with
the lease at Gerrards Cross, which has been assigned to the landlord for a
substantial premium. This restaurant was marginally profitable at the EBITDA
level (before rent amortisation) and would have required an outlay in excess
of £150,000 to refurbish. The net result for the Group is a major positive in
cash terms.

 

The Company is also introducing new targeted incentive schemes for the Group's
employees and a share option scheme over approximately 200 million ordinary
shares for 105 team members (including the executive directors) was instituted
in December 2025.

 

Looking forward to 2026, refurbishments of an initial six restaurants are
underway; a new menu design will be trialled in February 2026; and new dishes
are being launched across the estate. The investments and new menus will help
the Group adapt to the increases in National Minimum Wage and Business Rates
from April 2026. The early trading performance of, and customer growth at, the
refurbished restaurants such as York, Ely and Billericay has been encouraging.

 

The Group is in positive discussions with several potential acquisition
targets and will update on the progress of these negotiations in due course.

 

 David Page, Executive Chairman of Bow Street Group, commented:

"2025 was an important year for the Group as we completed a fundraise that
will enable Bow Street to execute a revised strategy to create shareholder
value based on improving the performance of the estate and delivering
acquisitions of exciting and scalable restaurant brands.

 

"During recent months we have conducted a thorough review of the Group's
operations and have identified a number of areas for improvement. We have
already started to implement some of these improvements and were pleased to
see an uplift in trading in the run up to Christmas. Special mention should go
to the Lincoln and Maidstone Wildwood restaurants and the
Winchester dim t site, where exceptionally large numbers of customers were
served.

 

"We are in active discussions with several potential acquisition targets
spanning European and Asian cuisine.  Looking forward to 2026, it will be a
year of rebuilding, refreshment and transformation for Bow Street."

 

 

For further information, contact:

 

 Bow Street Group plc                                                Tel: 020 7637 1166
 David Page - Executive Chairman

 Jonny Plant - Chief Executive Officer

 Nick Wong - Chief Financial Officer

 Cavendish Capital Markets Limited                                   Tel: 020 7220 0500

 (Nominated Adviser and Joint Broker)
 Matt Goode / George Lawson / Trisyia Jamaludin - Corporate Finance

 Dale Bellis / Harriet Ward - Sales and Corporate Broking

 Allenby Capital Limited                                             Tel: 020 3328 5656

 (Joint Broker)
 Nick Naylor / Piers Shimwell - Corporate Finance

 Jos Pinnington - Sales and Corporate Broking

 Hudson Sandler                                                      Tel: 020 7796 4133

 (Financial PR)                                                      bowstreetgroup@hudsonsandler.com (mailto:bowstreetgroup@hudsonsandler.com)
 Alex Brennan / Harry Griffiths / Jackson Redley

 

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