Franco Manca, the Toridoll-backed pizza group, grew turnover to £64.5m last year (2022: £53.3m).
The David Page-founded business, who sold the group last year, invested £11.28m opening 13 new restaurants taking the total to 70.
EBITDA for the year ended 26 March 2023 was £7.2 (2022: £8.4m).
During the year, the company impaired the carrying value of five restaurants by £2m and reversed the previous impairment against carrying the value of five restaurants by £481k.
The business posted a loss before tax of £413k.
Franco Manca exited two restaurants as a result of the collapse of Debenham’s.
Meanwhile, stablemate The Real Greek, which was sold to Toridoll as part of Fulham Shore, reported turnover of £35.9m for the year (2022: £29.4m).
The business invested £4.13m, opened five new restaurants and closed one, taking its total to 27.
EBITDA was £3m (2022: £5.5).
The Real Greek incurred the carrying value of two restaurants by £627k, and an onerous lease provision of two rests of 1.3m, resulting in a loss before tax of £394k.
