The Department of Coffee and Social Affairs (DoCaSA), the speciality coffee shop group, has seven more stores under construction, which would take its UK estate to 26.

The concept, which is owned by a holding company listed on the New York Stock Exchange, also has a pipeline of three further US stores, to add to its two already open in Chicago.

Meanwhile, the interim financial update for the first three months of 2018, also reveals DoCaSA had an accumulated deficit of $2.47m (£1.92m), and “without further funding, these conditions raise substantial doubt about the Company’s ability to continue as a going concern”.

The update reveals DoCaSA paid a total consideration of $2.16m (£1.67m) to acquire the three-strong Tap Coffee in November 2017.

The statement said: “Our objective is to continue to be recognized as one of the upper tier specialty coffee retail operations.”