The Caterer

Openings drive Byron turnover increase

30 March 2016 by
Openings drive Byron turnover increase

Burger restaurant chain Byron's turnover jumped by 24% in 2014/15 but pre-tax profits remained flat.

The figures for the year to 28 June 2015 showed a pre-tax profit of £5.5m, down slightly from £5.6m the year before.

It drew £6.9m from its £14m capex facility during the period to help fund the openings.

The company, founded in 2007 by Tom Byng, was bought in 2013 from former PizzaExpress owner Gondola Holdings by private equity firm Hutton Collins for £100m.

Hutton Collins, which also backs Wagamama, plans to open around 10 Byron restaurants a year.

January boost for pubs and restaurants outside London, says CGA Peach >>

Byron to open its first restaurant in Scotland >>

Byron to open new site in Stratford-upon-Avon >>

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