Jamies raises £4m through AIM flotation
01 January 2000
London bar and brasserie chain Jamies has floated on the Alternative Investment Market.
The company, which owns and operates 12 sites, had a turnover of £6.58m in the year ended 31 July, 27% of which came from food sales.
Pre-tax profit before exceptionals rose from £176,000 to £294,000. But £143,000 was lost through the disposal of a loss-making bar.
Jamies, which raised £4m from the flotation last week, plans to use about £2m to double the number of outlets over the next two to three years.
The new bars, which will all be named Jamies, will also be based in central London.
