Clapham House Group achieves maiden profit

24 November 2005
Clapham House Group achieves maiden profit

Clapham House Group today announced a maiden profit for its collection of three restaurant chains.

The owner of the Gourmet Burger Kitchen, Bombay Bicycle Club and The Real Greek chains revealed a pre-tax profit of £281,000 for the six months to 30 September 2005. This was up from a loss of £58,000 in 2004.

Turnover for the period also increased, rising from £2.7m in 2004 to £8.6m.

Seven new sites opened during the six months and a further two sites have opened since September taking the total portfolio to 27.

David Page, executive chairman of Clapham House said: "I am delighted that during the six months we have accelerated our opening programme whilst in the same period achieving a maiden profit. The operating profit contribution of our three brands has now overtaken our central and administrative cost."

The Clapham House Group was set up in late 2003 by two former directors of Pizza Express, David Page and Paul Campbell.

By Jessica Gunn

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