Gordon Ramsay’s restaurant group Gordon Ramsay Holdings (GRH), which is run through his Kavalake company, is celebrating a rise in pre-tax profits of £2m in the year to August 2012, taking is company back into profit. The figures come after a loss of £4.3m in the same period the previous year.
The group's total sales were down slightly from £45.9m to £43.1m although UK turnover was up with thanks to the opening of Bread Street Kitchen in the City of London. Openings were also present in Las Vegas and Los Angeles, as well as consultancies in Doha.
GRH saw its earnings before interest, tax, depreciation and amortisation (EBITDA) rise to £4.9m over the period, up from £2.5m the year before. Meanwhile EBITDA between August 2012 to 30 November was up 10% on a like-for-like basis.