Dragon's Den star Duncan Bannatyne's leisure empire grows profit by 38%

18 April 2011 by
Dragon's Den star Duncan Bannatyne's leisure empire grows profit by 38%

Dragons' Den star Duncan Bannatyne saw profits of his leisure empire soar by over a third last year.

Pre-tax profits at the Bannatyne Group of health clubs, spas and hotels grew by 38% to £12.6m on a turnover of £96m in the year to December 2010. Turnover was up by £2.6m on the previous year.

During 2010 the Bannatyne Group added the Charlton House hotel in Somerset to its collection of four hotels, while its spa business also grew with two new spas opening, taking its portfolio to 31.

The company is currently implementing a £20m expansion plan, using profits from 2010 and previous years to open new spas and hotels and refit the health club chain with the latest equipment.

Commenting on the results, founder and chairman Bannatyne said: "The spirit of enterprise is alive and well at the Bannatyne Group. We are delighted at this increase in profits, the company continues to grow and is as exciting and dynamic as ever."

Duncan Bannatyne unveils plans to expand Charlton House hotel >>

Duncan Bannatyne speaks out over TripAdvisor negative review threats >>

Duncan Bannatyne confirmed as new owner of Somerset's Charlton House hotel >>

Enter the Dragon - Duncan Bannatyne the hotelier >>

By Emily Manson

E-mail your comments to Caterer News here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
TagsHotels and Spas
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking