Richoux Group reports 10% annual turnover rise


Richoux Group plc, the owner and operator of 17 restaurants under the Richoux, Dean's Diner, Villagio and Zippers brands, has announced its final results for the year ended 28 December 2014.

Turnover increased by 10.4% to £12.68m (2013: £11.48m), and adjusted EBITDA increased 10.0% to £1.63m (2013: £1.49m).

The group opened one new restaurant in the year, and five further sites have been secured for 2015/2016.

Philip Shotter, Chairman, said, 'I am pleased to report a positive set of results with double digit percentage increases in turnover and adjusted EBITDA. Trading so far for the current year has also been positive and in line with expectations.

'Although only one restaurant was opened during the period, we have already contracted to open three new sites this year with two further sites already contracted for 2016'