Burger King UK has “recovered significantly” from the impact of coronavirus, due to its ability to trade through lockdowns, and drive through restaurants.

Reporting historic financial results, for the full year to December 2019, the master franchise business BK UK, said overall the impact of the pandemic had “not been significant”.

The group said it generated a profit at the end of Feb 2020, and was back into positive EBITDA from May 2020, with a strong performance in the period since reopening and second lockdown in November.

Alasdair Murdoch, writing in his strategic report, said: “The estate has successfully continued to trade throughout multiple lockdowns… and demonstrated resilience particularly given the significant representation of drive through rests within the state which are not adversely affected by restrictions.”

The company secured a new banking facility of £25m in 2020 to continue the expansion of its UK estate.

The group is in a net liability position, due to the working capital profile of its restaurants, especially those in expansion phase, and the capital structure of the group, including additional debt raised in the year and movement in trade creditors.

Since reopening in April, BK UK reported “strong results driven by operational efficiencies and a resilient drive through estate”.

In the year to December 2019, the group reported turnover growth of 10% to £101m, with a loss of £24m due to “upfront investment in scalability”.

During the period the group opened 15 new restaurants and acquired two new franchisees, Banquets (B.K.) Limited and KFG Quickserve Limited.