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Turnover at Corbin & King up by 24%

13 January 2015 by
Turnover at Corbin & King up by 24%

Turnover at restaurant group Corbin & King, previously known as Rex Restaurants, has risen by nearly 24%.

The company saw sales rise to £35.4m for the 12 months to 30 March 2014, at which time it had four sites in London: the Wolseley in Piccadilly; the Delaunay in Aldwych; Zedel, near Piccadilly Circus (pictured); and Colbert in Sloane Square.

Corbin & King attributed the rise in turnover to a full year's impact from Zedel and Colbert (which launched in June 2012 and October 2012).

The business also made a slim operating profit of £198,491, up from an operating loss of £1.1m the previous year. And while it made a pre-tax loss for the year to March 2014 of just under £1.8m, this was down from £2.8m the year before.

The period covered by the accounts was one which, according to the company saw "considerable activity" in preparation for the opening of its two latest sites: Fischer's - a "neighbourhood cafe and Konditorei" evocative of early 20th century Vienna at 50 Marylebone High Street; and The Beaumont - the group's first hotel, which opened in Brown Hart Gardens in London in September.

Corbin & King's Rex Restaurants sees 105% turnover rise >>

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