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Gordon Ramsay Restaurants moves into the black with £0.5m pre-tax profit

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Gordon Ramsay Restaurants moves into the black with £0.5m pre-tax profit

Gordon Ramsay Restaurants, the parent company for the chef’s dining empire, has reported a pre-tax profit of £540,000.

In the full-year results for the year ending 31 August 2018, the company reported a 30% boost to adjusted earnings, rising to £5.2m from the previous year’s £4m.

Turnover also experienced a slight uptick, rising from £51.4m in 2017 to £53.6m across the period.

It follows a year of consolidation for the firm as it looks to rebrand Maze in London’s Grosvenor Square, which will relaunch as Lucky Cat by Gordon Ramsay.

The growth in turnover also marks a full year of trading for Plane Food, which closed for several months over the 2017 period, and the launch of three US sites – Hell’s Kitchen in Las Vegas and two Gordon Ramsay Steak concepts.

The results, which heralded the “group’s strength and its ability to develop successful global restaurant brands” noted the firm was actively looking for new restaurant locations across the UK and internationally.

Gordon Ramsay Group returns to profit for first time since 2012 >>

Stuart Gillies reported to have left the Gordon Ramsay Group >>

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