Clapham House Group

Telephone:

020 7071 8400

Activities:

Clapham House was set up in late 2003 by two former directors of PizzaExpress to buy and develop three fledgling restaurant brands with roll-out potential. The plan is to expand the three chains to some 25 sites within four to five years in the South of England, predominantly within the M25 region.

Within 13 months of its existence, the group had acquired three London-based restaurant brands covering different national cuisines – the Real Greek, the Bombay Bicycle Club, and Gourmet Burger Kitchen. All operate in the full-service, mid-spend casual-dining sector.

In 2006 the group acquired its fourth brand when it bought  Urban Dining and its 30 Tootsies burger restaurants.

Founders David Page and Paul Campbell describe Clapham House as an incubator for new chains that can benefit from the cash injection and economies of scale it can provide. It is, says Page, an alternative to venture capital.

Page and Campbell have also set up Clerkenwell Ventures as an investment vehicle for high-growth leisure businesses, such as hotel management contracts and health and fitness clubs.

Chief Executive:

Paul Campbell

Key People:

Executive chairman: David Page
Group finance director: Nicholas Wong
Investment associate: George Jones
Development director and managing director, Bombay Bicycle Club: Sarah Willingham
Managing director, Gourmet Burger Kitchen: David Sykes
Operations director, Tootsies: Nabil Mankarious
Brand development director, Tootsies: Simon Blagden

Commentary:

 

Strategy:

"Last year was an exciting one for Clapham House as we generated our first profits whilst substantially increasing the size of the estate of restaurants and delivery kitchens. Since the year end we have doubled the size of the Group through the acquisition of the Tootsies format and I am delighted with the rapid progress made already in integrating this business into Clapham House. Trade in the first two months of the year has also been encouraging and we are looking forward to the rest of the year with confidence."

Source:
preliminary results statement, 6 June 2006

Operating Data:

Total number of restaurants: 61 across four brands

Bombay Bicycle Club: 13 – 3 restaurants and 10 delivery kitchens
Gourmet Burger Kitchen: 11
Real Greek Food Company: 7 
Tootsies: 30
Total number of staff: more than 1,500

Financial Snapshot:

Full Year

Turnover: £17.3m (2005: £7.5m)
Pre-tax profit: £684,000 (2005: -£605,000)
Pre-tax profit before exceptional costs: £1.12m (2005: -£440,000)

Half Year

Turnover: £8.6m (2004: £2.7m)
Pre-tax profit: £281,000 (2004: -£58,000)

Financial year end: 31 March 2006
Half year end: 30 September 2005

Address:

85 Clerkenwell Road

London,

UK