Meat Liquor sees 20% increase in turnover following expansion
Meatailer, the parent company of burger brand Meat Liquor, saw a 20% increase in annual turnover following the launch of two new restaurants and a delivery kitchen for the year ended 25 June 2017.
The company also incorporated a new subsidiary business during the period called MEATliquor QW, trading from the Queensway ice rink and bowling alley in west London.
But despite the growth in sales Meatailer reported a 50% spike in loss before tax, which rose to £753,000 (2016: £502,000). Meanwhile earnings before interest, depreciation, amortisation (EBITDA) and new opening costs fell by 16.5% to £703,000 from £842,000 the year before.
The company opened a new Meat Liquor site at London's King's Cross and closed its Bristol restaurant following the end of the financial year. In addition the company said in documents filed at Companies House that it had closed the delivery kitchen following a short trial period.
Meatailer also converted its only Chicken Liquor restaurant, in London's Brixton, to Meat Liquor last November.
Co-founders Scott Collins and Yianni Papoutsis grew the brand from a street van in 2009. The company now operates 11 restaurants, including Meat Mission in Hoxton and Meat Market in Covent Garden. It closed its original site in London Marylebone last summer ahead of the building's demolition to make way for a luxury hotel.
Meat Liquor to close original W1 site >>
