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Mowgli Street Food creates hundreds of new jobs after massive surge in revenue

By Nagasunder in UK Business News, posted May 2, 2023

Mowgli Street Food has expanded its restaurant chain across the UK and created hundreds of jobs.

With four new sites opened in the previous financial year, the Liverpool-based company's employee count has risen from 410 to 633.

It has continued to recruit and is now approaching a total of 900 employees.

The full lifting of Covid-19 restrictions and new openings led to a revenue surge from £8.5 million to £26.8 million

The company forecasts revenue above £30 million for the current financial year and has posted its first-ever pre-tax profit of £391,117.

The chain operates in multiple cities across the UK and plans to expand to Bristol, Beverley, and Knutsford.

The company aims to open four to five new restaurants annually and remains committed to its purpose of enriching lives in the cities it operates in.

Mowgli Street Food said had "enjoyed a strong year following two years heavily impacted by Covid-19 and associated trading restrictions".

On its future, the company said to BusinessLive: "The group remains committed to its purpose of enriching lives in the cities in which it trades, starting with the lives of its teams.

"The group aims to create nourished, purposeful and fulfilled teams."

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The accounts come after the business secured a new private equity backer earlier this year.

Mowgli Street Food secured a new private equity backer, TriSpan, earlier this year and opened its new headquarters in Liverpool in May 2022.

The company was founded in 2014 by Nisha Katona, who was awarded an MBE for her services to the food industry in 2019.

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