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Meat Liquor operator moves out of the red after portfolio shakeup

03 January 2019 by
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.

Meat Liquor's Mayfair restaurant to make way for hotel >>

Meat Liquor sees 20% increase in turnover following expansion >>

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