Drake & Morgan, the London-based bar and restaurant group backed by Bowmark Capital, has announced its financial results and exciting plans for further expansion showing turnover up 20%, and pre-tax profit reaching £1.6m (from £139k). Trading Turnover increased 20% to £24.6m (52 weeks to 29th March 2015). Like-for-like turnover up 4.6% Adjusted EBITDA increased … [Read more...]
Enterprise Inns trading and strategy on track
Enterprise Inns plc has published its scheduled trading update for the 44 weeks to 1 August 2015 and also updated on the progress made with regard to the implementation of its strategic plan. It reports encouraging trading with like-for-like net income growth continuing; implementation of the strategic plan is on track. Douglas Jack of Numis takes a positive view: “With … [Read more...]
Adnams reports positive trends and results
Adnams has announced a 12% increase to £962,000 in its operating profits for the six months to 30 June 2015, a strong result after a long cold spring, and reports that: “The underlying trends within our business have mainly been positive. Our newer beers have grown well in a fickle market and our spirits have continued their strong growth. We are making substantial … [Read more...]
Davy’s expands with purchase of El Vino’s
Davy’s have agreed to purchase El Vino’s. Both are family businesses - their combined heritage spans 281 years in the wine trad – and the deal adds an additional 5 wine bars to the 25 currently in the Davy’s portfolio, and further extends their wine merchanting business. James Davy commented: “Purchasing El Vino’s is a logical step for us as we look to expand in an … [Read more...]
EPIC Pubs launch in the South East
A newly created Gastro Pub business has been created launching its first pub serving quality food in a stand out environment in Maidenhead at The Golden Ball. Spearheaded by Andrew Coath as Managing Director, an award winning licensee supported by fellow experienced operators Jonathan Taylor, Mark Austin and Wendy Twiddy, team EPIC have plans to grow quickly over the next … [Read more...]