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

Gourmet Holdings suffers setback after London terror attacks

31 March 2006
Gourmet Holdings suffers setback after London terror attacks

Restaurant company Gourmet Holdings suffered a set-back in the first half of its financial year as customers stayed away from its Richoux restaurants after July's London terror attacks.

Despite this, the company is pushing ahead with its plans to roll out the Richoux restaurant brand beyond London.

In the six months ending January 2006, company turnover was £5.6m compared with £5.35m a year ago.

Gross profit fell 37% to £430,000 from £680,000 due to the fall in customers after the terror attacks.

As a result, Gourmet made a loss before tax of £160,000, compared with profit the year before of £310,000.

The groups other brand the Bel and the Dragon gastro pubs performed in-line with expectations. A roll-out in urban and semi-urban areas is being considered.

Two underperforming sites were disposed of and trading at the new Reading site was described as "encouraging".

Nigel Whittaker, chairman of Gourmet Holdings, said: "The company owns two excellent restaurant brands both of which have the capability of being rolled out."

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week -

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