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

Ramsay restaurants report profit surge

17 November 2005

Chef and TV personality Gordon Ramsay's restaurant empire's latest trading figures suggest his kitchens are trading in heaven rather than hell.

Gordon Ramsay Holdings, which includes the group's first six London restaurants, boosted its pre-tax profit in the year to 31August by a hefty 37% to £3.7m (2004: £2.7m).

Group turnover also increased, up 3% from £27.5m in 2004 to £28.4m.

The figures do not include the group's restaurant consultancies in Dubai and Tokyo, or Knightsbridge restaurant Pengelley's.

Maze, which opened this May in the London Marriott Hotel Grosvenor Square, is also not included in the results, but chief executive Chris Hutcheson said the restaurant has been in profit from its second month of trading and is currently turning over about £100,000 a week.

The star performer remained Gordon Ramsay at Claridge's, which increased its profit by £300,000 to £1.7m.

Losses at the Boxwood Café, Ramsay's take on a US-style diner, were down to £27,125 compared with £55,465 last year.

Hutcheson said the restaurant was now trading in the black and makes a monthly profit of about £17,000. "Boxwood is now firmly in profit for September and October, and the food costs and staffing costs have been brought into line," he said.

Gordon Ramsay Holdings 2004-05

TurnoverPre-tax profit
2005\*20042005\*2004
Royal Hospital Road£2.9m£2.7m£484,201£421,892
Claridge's£6.9m£6.7m£1.7m£1.4m
Connaught£5.96m£5.8m£391,624£159,901
Savoy£6.1m£5.6m£597,333£432,931
Boxwood£3.2m£3.5m-£27,125-£55,465
Pétrus£3.3m£3.2m£515,789£289,842

** 2005 figures are unaudited*

By Angela Frewin

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku Join the craze and play Sudoku online!
TagsChef
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