Brewhouse & Kitchen Ltd has reported another strong year of development and progress, remaining focused on delivering a unique guest experience, as well as developing a first-class estate.
Overall sales grew by 76% with an increase of £3.821 million to £8.815 million, while like-for-like trading across the estate (five brewpubs) grew by 28%.
Food continues to be a key driver and the sales split to liquor has moved forward by another 2%, with some sites delivering food sales in excess of 50% of overall food and beverage. Margins improved for liquor and food through better controls and enhanced procurement with the larger site portfolio.
Unit earnings before deducations was up by 173% to £1.935 million, with overall group EBITDA up by £991,000 to £1.158 million. The group’s Brewery and Academy revenues have gone from strength to strength, with sales of £470,000, a year on year increase of 101%.
The company has also made a number of changes and new appointments to its board. David Maxwell Scott has joined as non-executive chairman and Kris Gumbrell has been made chief executive officer, formerly executive chairman. The company is also pleased to announce the appointment of Simon Haworth as financial controller who joins the company from Atlas Fine Wines Ltd.
Chief executive, Kris Gumbrell, said: “The guest is becoming ever more sophisticated and experimental when it comes to beer and Brewhouse & Kitchen is well placed as the ‘go to’ brewpub brand in the UK. We are incredibly pleased with these results, cementing a key period of growth for the group.”
