Shoryu Ramen is back in the black, posting net profit of £122k in 2022, after making a loss of £444k in 2021.
Turnover at the 12-strong, Torridoll-owned ramen concept was £10.8m (2021:£6.4m).
Gross profit was £4.9m (2021: £2.18m).
Like-for-like sales rose 89% year-on-year, showing a strong rebound from the pandemic.
The brands core London locations recorded sales increases of nearly 100%, while outposts in Manchester and Oxford were up 76%.
LFL sales were down 5.7% compared to 2019.
In 2023, Shoryu is forecast to break even with 2019, with LFL sales on course to surpass pre-pandemic baseline sales in 2024
During the period, the company breached its loan covenants, though its bank does not intend to take action.
