The group behind the Revolution and Revolución de Cuba bar brands has blamed "continuous and varied external headwinds" as it slipped to a loss during the first half of its financial year.
Manchester-headquartered Revolution Bars has posted a pre-tax loss of £91,000 for the six months to the end of 2022, compared to a profit of £4.3m during the same period to January 1, 2022. However its revenue did edge up from £74.1m to £75.9m.
The group said transport strikes, a downturn in consumer confidence as a result of the cost-of-living crisis, record hot weather as well as cost inflation had impacted its finances.
