How is Fifteen London doing?
Who owns the restaurant?
Where do the profits go?
What does the Foundation do?
Who are the trustees?
Who's on the Leadership team?
How much does it all cost?
Where does the money come from?
Very well! Feedback from critics and customers is very positive and the business is profitable.
To hear more, why not read some of our reviews.
Fifteen Foundation owns the restaurant, a registered charity in England and Wales - reg no. 1094536.
Fifteen is a social enterprise, not a privately owned business, so all profits go straight back into the scheme. Jamie Oliver is one of nine trustees of the Foundation and, as with all board members, has no financial interest in the business.
The Foundation is responsible for funding, managing and developing the training program, ensuring our restaurant is well run and profitable, driving forward the growth and development of the Fifteen concept, and exploring and creating new opportunities for the young people.
We want to make Fifteen a global social enterprise brand providing fantastic opportunities for young people. Fifteen Amsterdam was opened in December 2004 Fifteen Cornwall in May 2006 and Fifteen Melbourne in September 2006.
The Foundation owns four trading subsidiaries - Fifteen London (the restaurant); Fifteen Events (an events catering business); Fifteen Ventures (a company which invests in our graduates own business ideas) and Fifteen Trading.
Mike Trace (Chair), Steve Angel (Vice Chair), Jamie Oliver, Louise Holland, Tara Donovan, Nick Jones, Glenys Thornton, Bill Eyres and Ben Arthur (a former apprentice). The role of the trustees is to ensure that we achieve our charitable purposes of supporting disadvantaged young people and make the best use of our assets and resources.
Paula Dupuy
Interim Director / Head of Restaurant Operations
Miran Norderland
Head of Partnerships
Sarah Bass
Head of Finance
Justine Horseman Sewell
Head of Legal Affairs
The restaurant is completely self-financing through sales, and profits are passed up to the Foundation. On top of this, the Foundation needs to fundraise about £500,000 a year to cover apprenticeship costs: these include living allowances for the apprentices, office expenses, sourcing trips and travel, knives, uniforms, and the many emergency needs which come up throughout the year. We also use our resources to invest in new ideas.
We want to create a broad-based funding mix and to build reserves. Money comes to us from a variety of sources: restaurant profits, fundraising events, applications to companies, charitable trusts, franchise fees and royalties as well as donations from individuals. In 2006 Jamie donated all the profits from his brilliant book ‘Cook With Jamie’ to the Foundation.