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."
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By Emily Manson
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