ETM Group has reported its results for the year ended 27 February 2022, with a turnover of £21.6m compared to £6.8m in 2021, and a return to EBITDA profitability of £2m, compared to a £1.6m loss in 2021.

In its latest accounts filed at Companies House, the London-based premium bar and restaurant operator said sales during the period was severely affected by Covid disruption, work-from-home guidance, and restricted trading.

The group benefited from government support during the period, including the CJRS scheme, reduced VAT, and other grants.

Turnover remained below pre-pandemic levels, while loss before tax was £1.6m, down from £5.1m in the year to February 2021.

Key risks facing the company include cost base inflation, falling consumer confidence, and transport strikes, according to the update.

“With such a challenging year, the Directors are pleased with the results, and most importantly are incredibly proud of the team that enabled the Group to successfully navigate the pandemic trading period. Together with their strength and resilience and returning consumer confidence, the business is now exceptionally well positioned for the future.”

Last week, ETM Group revealed it had received more than £11m in funding from alternative lender ThinCats, to refinance the entirety of its bank loans as well as provide capital headroom for further organic growth.

It currently operates 13 venues, including The Aviary and The Botanist.