Soho Coffee Co. has reported a revenue of £8.8m and a loss before tax of £3.02m for the period ended 30 January 2022.

In its latest accounts filed at Companies House, the coffee shop chain reduced its losses from £4.9m for the period ended January 2021 and increased revenue from £4.2m. Turnover remains behind pe-pandemic levels.

The results were attributed to restricted trading conditions as a result of the pandemic.

The company has said continues to update and innovate its offer and further stated “new brand footprints, the development of strategic business partnerships, targeted sector development, and e-commerce form the key elements of the revised business plan” post-pandemic.

“The directors anticipate a number of market opportunities could arise out of the pandemic, including market consolidation activity, which could facilitate entry into new market segments, and the availability of enhanced commercial deals generally across the sector.”

Parent company BTC Hospitality has stated: “Whilst trading conditions remain challenging, BTC WLL views this as largely cyclical and remains fully committed to supporting the Soho Coffee Co. brand, which continues to invest in infrastructure, property, product, and people to drive future growth and profitability.”

Earlier this year, Penny Manuel announced she will step down as MD of Soho Coffee Co., moving to the position of advisor to the UK group board.

In August 2022, Soho Coffee Co. launched Soho Piccolo – the first of a new smaller format unit – at Northampton Train Station, with the aim of targeting growth within travel hubs.