Inventive Leisure

Telephone:

0161 330 3876

Activities:

Inventive Leisure is a specialist bar and nightclub operator whose unique selling point lies in the wide range of vodkas offered through its Revolution-branded bars.

The group has its own vodka plant in Manchester where it produces its 30-strong range of infused and flavoured vodkas. The Revolution bars also offer more than 50 imported premium branded vodkas and a wide range of vodka-based cocktails.

Revolution vodka bars are contemporary, individually-styled venues found throughout the UK in town and city centres. They are aimed at the 18-30-year-old market.

Most operate throughout the day, offering lunchtime dining, early evening drinking and late night partying.

After floating on the Alternative Investment Market in 2000, the group returned to private ownership in 2006 after it was bought by private equity firm Alchemy Partners of Guernsey.

Alchemy also owns the Tattershall Castle Group of managed pubs and bars, which it created from the purchase of 178 Spirit pubs in 2005.

Chief Executive:

Roy Ellis

Key People:

Finance director: Sean Curran
Sales and marketing director: Neil McLeod

Strategy:

“The recent openings and the development opportunities in the pipeline reinforce our belief that there can be around 100 successful Revolutions in the UK.  We continue to implement new ideas and we have additional initiatives to launch in the near future.  The board remains confident for the long-term growth prospects for the group.”

Source: annual results statement, 6 September 2005

Operating Data:

In the year to 30 June 2005:
Revolution increased like-for-like sales by 1.5%
Food sales grew by 34% to account for 5.2% of total sales
Vodka accounted for 39% of sales
Company gearing dropped to 46.1% from 60.7%

Number of bars: 44
Revolution bars: 40
Unbranded bars: 4, including the Camel Club in Huddersfield, and The Loft and Boogie in Ashton-under-Lyne.
 
Number of employees: more than 1,500

Financial Snapshot:

Full Year

Turnover: £44.9m (2004: £41.7m)
Pre-tax profit: £3.6m (2004: £2.5m)

Half Year

Turnover: £22.7m (2004: £20.4m)
Pre-tax profit: £1.8m (2004: £1.5m)

Financial year end: 30 June 2005
Half year end: 25 December 2004

Address:

21 Old Street

Ashton-under-Lyne,

UK