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

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

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Flat Iron Steak Limited - financials

Fiscal Year EndedAug 28, 2016Aug 27, 2017Aug 26, 2018Aug 25, 2019Aug 30, 2020Aug 29, 2021Aug 28, 2022Aug 27, 2023Aug 25, 2024
Revenue (USD)7,555,48011,715,10014,476,91618,156,92312,361,0078,011,038---
% Revenue Growth (YoY)-55.1%23.6%25.4%(31.9%)(35.2%)---
EBITDA (USD)532,962949,207927,873388,661(572,781)(330,043)---
Operating Income (USD)266,993534,049438,270(211,489)(1,242,181)(999,963)---
Operating Margin3.5%4.6%3.0%(1.2%)(10.0%)(12.5%)---
% EBITDA Margin7.1%8.1%6.4%2.1%(4.6%)(4.1%)---
NET Income (USD)182,528626,450201,213(474,348)(1,354,416)(1,208,360)---
% Net Margin2.4%5.3%1.4%(2.6%)(11.0%)(15.1%)---

Flat Iron Steak Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutAnnouncedFlat Iron Steak Limited-
GrowthCompletedFlat Iron Steak Limited-

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Flat Iron Steak Limited - employee data

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