Business strong for Clapham House Group

By Emma Eversham

- Last updated on GMT

Related tags: Clapham house group, Gourmet burger kitchen, Economics

Business strong for Clapham House Group
The Tootsies, The Real Greek and Gourmet Burger Kitchen owner reports a 114 per cent rise in pre-tax profits in its half year results

Clapham House Group, the owner/operator of Gourmet Burger Kitchen, Tootsies and The Real Greek is `remaining positive` about its business as its pre-tax profits rise 114 per cent to £1.5m in six months.

The company`s interim results to September 28, released today, show a 21 per cent rise in turnover to £30.3m from an estate which now totals 80 restaurants.

Executive chairman David Page said the company had prepared itself well for the economic downturn. He said: “It is now more than a year since we recognised that the UK economy was entering an uncertain phase and decided to rationalise our forward restaurant opening programme.

"We have worked hard for a year on repositioning our pipeline, managing costs and promoting sales, and feel our business is well positioned. Our openings this year have
been strong and we have now completed our UK opening programme for the current financial year.

“We have a growing and profitable business, recent trade has continued to be satisfactory, and we remain very positive about the medium-term demand trends for the UK eating out market, the quality of our formats and, in particular, the national roll out scope for GBK."

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Related topics: Business


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