La Tasca has released a trading update exactly one year on from its CVA stating that September saw the 6th consecutive month of UK EBITDA growth and the 9th out of 12 since the CVA exactly 12 months ago.
The 12 month period since the CVA has seen a massive turnaround in the UK like for like EBITDA performance: the 5 months to year end Feb 13 saw the business +88.1% UK like for like EBITDA, and year to date after 7 months +68.9% UK like for like EBITDA.
2012 minor investments have outperformed the rest of the estate by 22% in terms of cover growth so, with a financial restructure near to completion and new capital available to refresh the rest of the estate, the business outlook looks dramatically more healthy than 12 months ago
Simon Wilkinson, CEO stated:
“We are really pleased with the progress we have made as a team but we won’t rest on our laurels as we are hungry for more success.
“Bookings for Christmas are currently ahead of this time last year, and our latest investments are allowing us to compete on an even keel with the shiny new competitors which consistently spring up everywhere.
“The USA business is going through choppy waters on the back of the government shutdown but, as in the UK, we have the right team so we are confident we will bounce back strongly once the Government returns to work.”