Bill's named fastest growing hospitality group

09 December 2014 by
Bill's named fastest growing hospitality group

Two hospitality operators have made it to the top 20 of the fastest growing private companies in the UK in this year's The Sunday Times' Fast Track 100 list.

Bill's, the greengrocer-turned-restaurant chain, was ranked the highest at number 19, after its turnover grew an average of 108% for each of the last three years. In its latest figures it revealed turnover of £53.9m.

Bill's plans to open 25 more locations in the new year to add to its 51 existing restaurants.

Cocktail-focused Alchemist Bar and Restaurant followed at 20. The group has seen sales double every year since its founding in 2009 with an average turnover growth of 105% in each of the past three years, following its expansion from one to four restaurants.

Scottish brewer Brewdog also came in at 40 while hospitality group Inception Group ranked 47 and Ed's Easy Diner was 59.

Ed's Easy Diner has increased revenues over three years to £26.2m, with an average growth in sales of 64%. It now operates 34 sites.

Stephen Greene, chairman of Ed's Easy Diner, said: "To have improved our position since last year in this prestigious league table of the fastest growing companies in the UK is quite some achievement and is testament to the hard work and efforts of everyone at Ed's. We plan to more than double again in the next couple of years."

The Fast Track 100 ranks the fastest growing sales of private companies over the last three years. Many of the companies are owned by entrepreneurs and have 20 to 500 employees. Average annual sales growth ranges from 45% and 375% while sales vary from £5m to £100m.

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