Meat Liquor operator moves out of the red after portfolio shakeup
Meat Liquor operator Meatalier has turned its pre-tax losses into profit after a shakeup of the business including investment in a central kitchen.
In its financial results for the year ending 24 June 2018, the company saw turnover increase to £14.7m from £13.3m the previous year. Headline EBITDA also rose to £933,000, up from £703,000.
Pre-tax profit meanwhile stood at £33,000. The previous year, the company had made a total pre-tax loss of £753,000.
The brand closed one restaurant and a delivery kitchen over the year, while opening a new restaurant and converting its Chicken Liquor concept in Brixton into a Meat Liquor site to retain a total of 11 public outlets.
A replacement location is currently being negotiated close to the original site.
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