Clapham House posts tasty profits

10th December 2008, 10:44am

The Clapham House Group, owner and operator of Gourmet Burger Kitchen, Tootsies, and The Real Greek, has seen profits more than double to £1.5 million.

During the six months ending 28th September 2008, pre-tax profits rose by 114%, which executive chairman David Page called "…a strong, organic growth."

Revenue increased for the six months by 21% to £30.3m driven mainly by new restaurant openings, nine in the UK and five overseas.

David Page, executive chairman for The Clapham House Group stressed that the restaurant group remains cautious despite the bumper profits: "Our interim results demonstrate continuing strong organic growth of our restaurant businesses.

"It is now more than a year since we decided to rationalise our forward restaurant opening programme. We have worked hard for a year on repositioning our pipeline, managing costs and promoting sales, and feel our business is well positioned. Our openings this year have been strong and we have now completed our UK opening programme for the current financial year.

"We have a growing and profitable business, recent trade has continued to be satisfactory, and we remain very positive about the medium-term demand trends for the UK eating out market, the quality of our formats and, in particular, the national roll out scope for GBK."

Related Articles:

• 19 Jul 2010 - Profits rise at Clapham House Group
• 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
• 07 Jul 2009 - Clapham House Group continues to perform well

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