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

FishWorks boasts most productive year so far

19 October 2005

Mitchell Tonks's FishWorks restaurant chain has capped a successful year, which saw it listed on the Alternative Investment Market (AIM), with turnover and profit growth.

FishWorks, which plans to grow from seven to a minimum of 19 restaurants by 31 July 2008, also announced it is looking to buy a fish and seafood supplier.

Chairman of FishWorks, Tony Fisher, said: "This has been the most successful and productive period in the group's history to date."

Turnover increased 51% from £2.74m in 2004 to £5.4m in the 12 months ended 29 February. Much of this increase was credited to the opening of a new site in London's Marylebone, which traded above expectations in its first nine months.

Earnings before interest deprecation and amortisation increased from a loss of £315,000 in the previous year to a profit of £217,000.

In June the company's move from OFEX to AIM raised £3.8m net of expenses.

It was also named the Tio Pepe ITV London fish restaurant 2005 for its Chiswick and Marylebone sites.

By Chris Druce

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku Join the craze and play Sudoku online!
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.

close

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