Coffeeheaven, the Aim-traded operator of coffee bars in central Europe, reported a full year loss after sales in some of its markets were hit by the economic downturn.

The group, which revealed in June that it was in early stage bid talks, posted a pre-tax loss of £185,000 ($304,000) for the 12 months to end of March, compared to a profit of £512,000 the year before. The decline came despite revenue having increased from £15m to £23m.