The London-based bar and restaurant group reported like-for-like sales up 15% for the five-week festive period as part of its ‘resilient’ full year financial results.
While turnover was flat at £44.5m for the 52 weeks to 30 March 2025, adjusted EBITDA rose slightly from £4.4m to £4.7m driven by easing inflationary pressures, including reduced energy costs, and ongoing cost-saving initiatives.
The group says it is trading ahead of last year, and is continuing to invest in its estate to ensure its customer proposition remains relevant.
“The results for the year to March 2025 highlight the resilience of the business despite a challenging first half of the year, marked by unseasonably wet weather and one of the coolest summers in nearly a decade, affecting trading across our outdoor terraces,” says chief financial officer David King.
“Since the year end, trading has outperformed the prior year and we are set to have another record-breaking Christmas with many of our bars once again achieving record days and weeks.
“The Board remain confident in the business and is optimistic for the year ahead.”