Bill’s Restaurant group has increased its turnover by 20.5% to £110.5m for the 12 months ending 31 July 2016. The company achieved an adjusted EBITDA of £13.5m.
The growth, largely the result of nine new site openings including Greenwich & Sevenoaks, continues to be impressive. Bill’s placed number 70 in The Sunday Times Virgin Fast Track 2016.
2016 was a year of leadership and team consolidation for Bill’s including the appointment of CEO Mark Fox who joined the business in May 2016 from Starbucks.
Other changes included Ron Lento joining as Innovation Director, Graham Ford taking up the role of Executive Director of UK Operations, Nicola Frayne joining as Chief People Officer and Catherine Salloux as Marketing Director. Bill Collison continues to play an active role in the business and leads the creative design of all restaurants.
Mark Fox comments: “2016 was a strong year for Bill’s against a challenging backdrop of cost and macroeconomic headwinds. Christmas trading was particularly strong, with like for like sales up just under 10%*.
“Bill’s has built a rich brand out of its reputation for fresh, seasonal and eclectic British heritage across menus, service and restaurant design. We’re in a strong place to innovate in 2017, introducing new menus, a mobile app, and evolving our award winning restaurant design.
“We’ll also be testing a new grab and go format to allow the freshness and seasonality of Bill’s to meet the demands of an increasing group of customers looking for the convenience of a quick bite to eat during the working day.”
*Following the fiscal year July 2016