Tag Archives: finance

Takeaways coin in more than restaurant groups for the first time after dramatic profits swing

The top 100 takeaway businesses in the UK are now more profitable than their counterparts in the traditional restaurant sector, it has been claimed.  Analysis from finance specialist Funding Options shows that profits at the UK’s top takeaway businesses increased 13% from £160m to £180m last year. That contrasted sharply with the top 100 UK

JD Wetherspoon continues to dash Brexit fears with optimistic sales

UK-based pub chain JD Wetherspoon has followed up its better-than-expected financial year report with an equally optimistic update for the first quarter of the new trading season. Like-for-like sales increased by 6.1% and total sales by 4.3% for the 13 weeks to 29 October 2017. The underlying operating margin, excluding property gains, was 8.6%, although

Nisbets pushes interest free credit to spread equipment purchasing costs

Nisbets has launched an interest free credit offer to help operators spread the cost of acquiring new kitchen equipment – and vowed to give customers an answer on their application within four hours.  The offer is available from this month and initially applies to its own-label Polar and Thor ranges. The Bristol-based outfit wants to

Oakman Inns will spend ‘lion’s share’ of £24m war-chest funding new projects

Oakman Inns has its sights set on operating 30 restaurants within the next two years after securing £24m in investment from three fund-raising exercises. The group said the “lion’s share” of the cash would be available for a raft of major developments, which will see it take its estate from 18 units up to 30

Experts fear Brexit will increase rate of corporate insolvencies in 2017

An overwhelming majority of insolvency and restructuring experts believe the UK’s decision to leave the EU will lead to a rise in corporate insolvencies in the next 12 months, and that the referendum result has already hurt businesses’ finances. According to a survey of members belonging to insolvency and restructuring trade body R3, 72% believe

8% of UK businesses failing to make progress on debt repayments

Nearly 140,000 businesses in the UK are only paying the interest on their debt and not repaying the debt itself. New research has revealed that the number of businesses in this position – equivalent to 8% of all UK businesses – has returned to levels more in line with previous years after falling to 69,000 last

Leon raises £19m from ‘no-nonsense’ lender after traditional banks scale back post-Brexit

Healthy fast-food chain Leon has reportedly set its sights on opening 50 new restaurants – more than doubling its store estate – after securing a multi-million pound financing deal. Alternative lender OakNorth is said to be funding the company to the tune of £19m so that it can embark on its ambitious plans and grow