Clapham House Group continues to perform well

7th July 2009, 9:51am

Clapham House Group, owner of Gourmet Burger Kitchen, has announced revenue up 16.7% to £62.2 million for the year ended 29th March 2009.

The group, which also owns restaurant chains Tootsies and The Real Greek, said that continued growth resulted in six new GBK restaurants opening in addition to another two Real Greeks.

However, openings will not be rapidly accelerated during 2010 despite the Board saying it remains positive about the mid-market prospects for eating out. Instead, a gradual expansion programme will be initiated.

David Page, executive chairman for Clapham House Group, said: "Despite consumer confidence in the UK being fragile and the trading outlook remaining uncertain, our sales in the first quarter of FY10 across the Group are 6% higher than in the same period last year.

"We remain positive about the mid term market prospects for the UK eating out market and in particular the future expansion of GBK across the UK."

Related Articles:

• 26 Mar 2010 - The Clapham House Group delivers 'robust performance'
• 17 Dec 2009 - Clapham House Group posts mixed bag of financial results
• 12 Oct 2009 - Tootsies Restaurants placed into administration while Giraffe capitalise on sites
• 30 Sep 2009 - Restaurant vouchers are impacting on net margins, says Clapham House
• 01 Apr 2009 - Gourmet Burger Kitchen looks to expand
• 27 Mar 2009 - Restaurant executives gear up for industry summit
• 18 Feb 2009 - Clapham House joins carbon management scheme
• 10 Dec 2008 - Clapham House posts tasty profits

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