11th January 2023
Masala Zone operator MW Eat has reported turnover has nearly tripled but that business was still being affected by the covid pandemic in its year to March 2022. It returned to profit and was cash-flow positive. However, turnover was still down by some 40% on pre-covid levels. The company, whose outlets include Amaya, Chutney Mary and Veeraswamy in London, as well as six Masala Zone branches in the capital and a delivery/pick-up service, saw a turnover of £17m for the year – a near three-fold increase from £5.8m in the previous reporting period. The company was in receipt of government grants for the furlough scheme totalling £650K (2021: £3,900K). No dividends were paid.