Casual dining chain Clapham House Group provided some much needed cheer for the restaurant sector today revealing that it more than doubled pre-tax profits in the six months to September 28.
The Gourmet Burger Kitchen (GBK) owner saw pre-tax profits rising by 114% from the same period in 2007 to £1.5m as turnover climbed 21% to £30.3m.
The company said trading continued to be “satisfactory”, helped by measures to rationalise its restaurant opening programme in the face of the difficult economic climate.
David Page, Clapham House chairman, said: “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. We believe customers will continue to search out value and quality.”
Clapham House owns 49 GBKs, 23 Tootsies family restaurants and, in London, eight Real Greek restaurants.
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By Daniel Thomas
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