Future looks bright for Clapham House despite full-year loss

10 June 2005
Future looks bright for Clapham House despite full-year loss

The Clapham House Group has announced it has been trading in the black since the beginning of the year, despite the group making an overall loss in its first full financial year of trading.

The restaurant group, which now owns The Real Greek, Bombay Bicycle Club and Gourmet Burger Kitchen chains, also announced plans to open seven new outlets across the brands this year.

Executive chairman David Page said: "During our first full-year of trading we completed our initial objective of acquiring three excellent businesses. Our formats are already trading profitably and will now be expanded rapidly through new site acquisitions."

In its final results for the year ending 31 March, turnover for the year was up to £7.5m from £500,000 the previous year and pre-tax losses for the year were £605,000.

The group now operates four Real Greek outlets, three Bombay Bicycle restaurants and nine delivery kitchens, and eight Gourmet Burger Kitchens.

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