Byron's loss widens to £1.5m as the six-site group works on its turnaround

Byron has reported a pre-tax loss of £1.5m for the year to 31 December 2025, up from £666,237 in 2024, The Caterer reports. It was the burger group's third year under Tristar Foods.

The numbers - Turnover fell to £10.6m from £14.4m, a drop of about a quarter - EBITDA loss widened to £1.2m from £0.4m - The group now trades from six sites

The explanation The company blamed pressures shared across much of the sector: national wage inflation, energy costs and the cost-of-living squeeze from 2023 to 2025. Director Sumir Arora said Byron had raised further strategic funding from its shareholders and secured a financial undertaking to support liquidity and cash flow. Tristar says it is now focused on restoring profitability.

How it got here Tom Byng sold the then 34-site business to Hutton Collins for £100m in 2013. It almost doubled to 67 sites in five years, restructured in 2018, and had closed 31 of its remaining 51 restaurants by the time Calveton bought it for £4m in 2020. Tristar paid £856,000 for it in 2023.

What it means for operators: a small estate with falling sales and a widening EBITDA loss depends on its shareholders for liquidity. The lesson for groups is that rapid estate growth on a single format leaves little room when costs turn. Shrinking the estate does not by itself fix a fixed cost base that sales no longer cover.