The food hall operator says it has delivered a year of strong growth and strategic progress, having expanded its estate and strengthened the foundations of the business prior to its next phase of expansion.
Turnover rose by 18% to £16.9m for the year ended 29 June 2025 while adjusted venue EBITDA rose by 4.8% to £4m. It reported an operating loss of £79,000, which it says is in line with expectations and reflects deliberate investment to support expansion. The loss included pre-opening costs, one-off transaction fees, and increased non-cash depreciation.
The rise in turnover for the period was achieved by the addition of new sites in Paddington and the acquisition of Shelter Hall in Brighton as well as continued momentum at established locations, with footfall increasing year-on-year across the estate.
It says it expects to see total venue sales increase to £40.5m for the year to June 2026 with profits expected to be materially ahead of the previous financial year.
“This has been a landmark year for Market Halls. We’ve significantly grown the estate, strengthened our underlying performance and laid the foundations for the next phase of expansion,” says Market Halls CEO Dan Hills.
“With the backing of Harwood Private Capital and a proven, scalable model, we are firmly focused on accelerating growth and building towards our ambition of exceeding £100m in annual sales. We see a significant opportunity to bring the Market Halls experience to more locations across the UK.”
The group operates four Market Halls at Oxford Circus, Victoria, Paddington and Canary Wharf in London, alongside Shelter Hall in Brighton.
“What sets Market Halls apart is the strength and resilience of our operating model,” says Andy Lewis‑Pratt, founder and executive director of Market Halls.
“By partnering with best-in-class, independent food traders and creating high-quality destinations in prime locations, we’ve built a platform that is both scalable and repeatable.
“As we expand the estate, we are doing so with a clear focus on long-term value creation, underpinned by strong fundamentals and a disciplined approach to growth.”