Evolv Collection narrows losses as sales climb in ‘transformative’ year

The Evolv Collection posted a fourfold increase in earnings before interest, taxes, depreciation and amortisation to £14.6m in the 15 months to 31 December 2025, as revenue climbed 20% to £151.6m.

The hospitality group slashed pre-tax losses by more than half from £13.4m to £6.8m during the period, which it attributed to restructuring costs following its acquisition by Calveton and Breal Capital in 2023.

Evolv Collection hailed its 2025 financial year as “a transformative period; dramatically improving profitability despite sector headwinds around increased employer National Insurance, food inflation and utility costs.”

The hospitality group delivered a 200% spike in like-for-like sales, which it credited to “the re-imagination of the Chop House and Tavern brand and expansion of both Sartoria and Bluebird brands in the City.”

Sales in the current financial year at its Chop House and Sartoria outposts in London’s Liverpool street are up 51% and 54% respectively, with the former launching in New York last month.

Chief executive Martin Williams said: “The shared vision of the Breal and Calveton shareholders to return founder Sir Terence Conran’s restaurants back to their former glory is clearly paying dividends and establishes the Evolv Collection as the leading hospitality group in the UK.

“We are delighted that 2025 results demonstrate the current and future financial success of the business as we build a globally scalable British hospitality brand, cantered on experience-led restaurants that combine design, elevated menus, heightened hospitality and vibrant social atmospheres, which have a global appeal.”