Wildwood owner Tasty looking forward to second half of the year

14 September 2010 by
Wildwood owner Tasty looking forward to second half of the year

Wildwood and Dim T owner Tasty is looking forward to a "promising" second half of the year with a series of new restaurant openings set to boost group performance.

The Adam and Sam Kaye backed business will this week open Chelmsford Wildwood. Following the decision to close the poorly performing Milton Keynes unit in July, which has since been sub-let, the new opening will see the company operating 11 restaurants - six Dim Ts and five Wildwoods.

Last month Tasty acquired two former Paramount Restaurant sites in Loughton and Billericay, which it hopes to have trading as Wildwoods before the year's end.

Chairman Keith Lassman said: "The group is trading in line with expectations and the opening schedule of new restaurants is looking positive.

"The one-off opening costs of the new units Loughton and Billericay] will be incurred in the second half of the financial year with the trading benefit being felt in 2011. Overall the board is looking forward to a promising second half."

Turnover in the half year ended 27 June 2010 increased 11.5% to £4.83m (from £4.33m in 2009), while the company made a profit of £13,000 compared with a loss of £69,000 in the same period a year ago.

Tasty takes on two Paramount sites in Essex >>

Caterersearch.com 100: Adam and Sam Kaye >>

Restaurant group Tasty floats to expand Dim T chain >>

By Chris Druce

E-mail your comments to Caterer News here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Blogs on Caterersearch.com](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
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.


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