Turnover at D&D London hits £100m

Restaurant group D&D London has revealed that turnover has topped £100m, with EBITDA up 33% to £11.2m.

The group, which operates a UK portfolio of nearly 30 sites including the relaunched Quaglino's, Coq d'Argent and Le Pont de la Tour, said that like for like sales in the UK were up 7% for the year to 31 March 2015.

Profits after financing were also up 50% to £8.2m.

Chairman and chief executive Des Gunewardena (pictured) said the growth had been driven by strong performances at South Place hotel in London (which reported 11% growth in like for like revenue) and Crafthouse and Angelica in Leeds, where like for like revenue was up 22%.

He added: "The acquisition of Madison is a demonstration of our continuing confidence in the future of the City and the business has made an immediate and significant contribution to profits. The remodelling and relaunch of Quaglino's in October last year has also proved a big success and will make a major contribution to profit growth in the current 2015/16 financial year."

D&D London is set to open the German Gymnasium in Kings Cross next month, its largest restaurant to date.

"We are also very excited about by the planned opening of the German Gymnasium in Kings Cross which represents D&D's largest individual restaurant investment since its buyout from Conran in 2006," Gunewardena said. "The strategy of growth is likely to continue into the future with a strong pipeline of projects in London, other UK cities and overseas."

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