Blank Street Coffee’s auditors raised questions about stock levels that could be “materially misstated”, newly filed accounts show, as the cafe chain made a £2.9 million loss in its first six months in the UK.
The venture capital-backed coffee shop, founded in New York in 2020, launched in the UK in June 2022. It quickly became almost unavoidable in central London, opening 14 shops in 2022 followed by another 15 in 2023.
