London restaurant the Wolseley, which was launched by ex-Ivy owners Jeremy King and Chris Corbin, has moved into the black for the first time since it opened in late 2003.
The Piccadilly operation more than doubled its turnover in the year ended 31 March 2005 to £7.7m, from £3.15m in 2003, helping it record a £208,000 profit, compared with a loss of nearly £1m in 2004.
Although business is booming, the restaurant is currently going through a period of transition, with former Prism and Garden Caf chef Cyrus Cato replacing Ed Wilson as head chef.