Flat Iron Steak Limited
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Flat Iron Steak Limited - overview
Established
2012
Location
London, -, UK
Primary Industry
Travel & Leisure
About
Flat Iron Steak Limited is a London-based steak restaurant specializing in high-quality beef products, making unique cuts of steak accessible to a wider audience through its multiple urban locations across the UK. Founded in 2012 in London, UK, Flat Iron Steak Limited focuses on providing a range of expertly prepared flat iron steaks along with other cuts of beef. The founder, Charlie Carroll, has a history in the restaurant sector. In August 2025, McWin, along with TriSpan, agreed to acquire a majority stake in Flat Iron Steak Limited from Piper.
Flat Iron specializes in high-quality beef, particularly unique cuts of steak traditionally less common in dining. Their core offerings include expertly prepared flat iron steaks and secondary cuts sourced from small family-run farms across the UK and Ireland. With locations in major urban centers including London, Manchester, and Leeds, Flat Iron caters to both local patrons and tourists, providing a dining experience that emphasizes quality and affordability. Revenue is primarily derived from direct sales of food and beverage offerings at their restaurant locations, where customers can enjoy a variety of steak dishes and sides, ensuring immediate realization of sales.
The August 2025 acquisition aims to drive Flat Iron Steak Limited's growth and expand its reach in the UK and abroad.
Current Investors
Piper
Primary Industry
Travel & Leisure
Sub Industries
Restaurants & Nightlife, Web Applications
Website
www.flatironsteak.co.uk
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Flat Iron Steak Limited - timeline of key events

Flat Iron Steak Limited - financials
| Fiscal Year Ended | Aug 28, 2016 | Aug 27, 2017 | Aug 26, 2018 | Aug 25, 2019 | Aug 30, 2020 | Aug 29, 2021 | Aug 28, 2022 | Aug 27, 2023 | Aug 25, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 7,555,480 | 11,715,100 | 14,476,916 | 18,156,923 | 12,361,007 | 8,011,038 | - | - | - |
| % Revenue Growth (YoY) | - | 55.1% | 23.6% | 25.4% | (31.9%) | (35.2%) | - | - | - |
| EBITDA (USD) | 532,962 | 949,207 | 927,873 | 388,661 | (572,781) | (330,043) | - | - | - |
| Operating Income (USD) | 266,993 | 534,049 | 438,270 | (211,489) | (1,242,181) | (999,963) | - | - | - |
| Operating Margin | 3.5% | 4.6% | 3.0% | (1.2%) | (10.0%) | (12.5%) | - | - | - |
| % EBITDA Margin | 7.1% | 8.1% | 6.4% | 2.1% | (4.6%) | (4.1%) | - | - | - |
| NET Income (USD) | 182,528 | 626,450 | 201,213 | (474,348) | (1,354,416) | (1,208,360) | - | - | - |
| % Net Margin | 2.4% | 5.3% | 1.4% | (2.6%) | (11.0%) | (15.1%) | - | - | - |
Flat Iron Steak Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | Flat Iron Steak Limited | - | ||||||||
| Growth | Completed | Flat Iron Steak Limited | - |
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Flat Iron Steak Limited - employee data


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