Ultimate Leisure reports a drop in sales
Northern bar and nightclub operator, Ultimate Leisure has announced pre-close figures significantly down on last year, consistent with the announcement it made in January.
Like-for-like sales were down 19% for the year to 30 June and total sales were reduced by 11% for the same period.
A spokesman for Ultimate Leisure said that the general trading environment continued to be tough and challenging and they remained cautious about the outlook for 2006/7.
The company is addressing a historic lack of investment in the business by continuing to look for sites to expand its Prohibition brand across the country. Prohibition was bought from Living Ventures for £2.75m last year.
Ultimate plans national rollout for Prohibition >>
Ultimate pins recovery hopes on refurbishment and expansion >>
By Alix Young
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