Search
The Caterer

Flight Club reports pre-tax loss despite 62% spike in turnover

Flight Club reports pre-tax loss despite 62% spike in turnover

Darts bar Flight Club saw a 62% spike in annual turnover to £7.4m following the launch of its second site in Bloomsbury last year, but reported a pre-tax loss of £161,032 for the same period.

Launched in April 2017, the new venue follows the original Flight Club bar, which opened in Shoreditch in 2015.

While the opening helped to drive growth in turnover for the year ended 31 December 2017, the £507,890 pre-tax profit of the previous year took a 131% negative swing after administrative expenses effectively doubled from £2.07m to £4.14m.

Earlier this year Flight Club submitted a licensing application to open its third London site in Victoria's Nova development. If approved, the venue would be the group's biggest in the capital, with 18 darts playing areas.

Plans are also underway for the company's first venue in Manchester's Ship Canal House, and another in Chicago.

Darts bar Flight Club seeks new opening in Victoria's Nova development >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

Continue reading

You need to be a premium member to view this. Subscribe from just 99p per week.

Already subscribed?

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!