The seven-strong burger brand, which is now owned by Niyamo Capital, reported a loss after tax of £666,237 for the year ended 31 December 2024, down from a loss of £1.3m in 2023.
Revenues at the business fell from £16.62m to £14.36m.
In its report Byron’s directors say the group was impacted by the macro-economic factors like inflation in national wages, energy costs, costs of living crisis from 2023 to 2025.
The burger business was acquired in November 2025 by Niyamo Capital, founded by Indian-born Akshat Tibrewala. Tibrewala is understood to have injected about £2.5m into the company and taken a majority stake, while London-based private equity firm Calveton UK retains a minority holding.
To support the liquidity and cash flows, Byron has raised further strategic funding from its shareholders and obtained financial undertaking, it says.
The business adds that it intends to continue to cut costs as it looks to safeguard the business in the future, with its business plan for 2026 ‘focused on restoring profitability through disciplined cost controls, streamlined operations, and sustainable expansion’.
Tibrewala is understood to be aiming the burger restaurant, once the darling of the UK’s casual dining sector, at a younger audience with an updated food offer and adopting a more digital-forward approach. There are also plans to expand into international markets such as Dubai.
