The Caterer

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 >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!