Kokoro has reported £12.7m in turnover for the year ended 31 August 2023, up from £9.3m the prior year.
The Korean-Japanese food to go concept further reported profit before tax of £29,727 – down from £565,004 in 2022 – due to cost pressures.
Kokoro was founded by Rak-Kyu Park in 2010 and operates c60 sites across the UK.
Speaking to MCA in September 2022, Park said the concept sought to expand its presence in the North and in university towns, with a focus on students and young professionals.
According to Kokoro’s latest accounts on Companies House, the business has transitioned from “pursuing aggressive growth to carefully monitoring the surrounding conditions and gradually solidifying the business strategy.”
The directors further acknowledged that price rises may have had negative impacts on sales figures.
“To navigate these challenges, Kokoro is focused on strategic measures including benchmarking against competitors, innovating menu offerings, and reinforcing customer service training protocols.”
