The Gordon Ramsay Group of restaurants had some positive results to announce yesterday.
Total sales for the group's 31 restaurants, both in the UK and further afield, increased by 12.6% to £50.3m in the year ending 31 August 2015. In the UK, sales increased 12% to £46.8m, while EBITDA overall increased by 39.2% to £5.7m.
'We are very pleased with the growth in sales and EBITDA over the past year,' said MD Stuart Gillies. 'We are particularly encouraged by the performance of Heddon Street Kitchen, which opened in November 2014 together with our two new Maze Grills that opened in the Spring. These brands provide strong growth opportunities in both the UK and internationally.'
The group has seen growth internationally too, with Bread Street Kitchens opening in Hong Kong and Singapore, with another on the way in Dubai this month. These contributed to an increase in the group's international income of 24.4% to £2.8m.
Expect more openings, as the company secured a five-year banking facility with Barclays worth £13m. 'Barclays’ commitment to us through the new banking facilities which have been put in place, will further strengthen the Group going forward,' said Gillies.
