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Ultimate Leisure reports a drop in sales

05 July 2006
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 >>

Ultimate may face bidders >>

By Alix Young

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