Prezzo, the TPG Capital-backed restaurant group, posted a 12.7% increase in revenue to £219.7m for the year to January 2017.
According to the c300-strong group’s trading accounts operating profit stood at £22.6m compared to £21.4m in the previous year, whilst profit at a restaurant level stood at £34.3m (2015: £32.0m).
During the past year, the company has opened over 20 restaurants across the UK, with between six and 10 more currently in the pipeline for the coming year. As previously flagged up by MCA, the group is set be extra selective with its restaurant openings over the coming 12 months.
The company has recently begun a programme of updating sites under its core brand with a new look and feel, with the first restaurants to launch under the new design, in Bracknell and Winchester, understood to be performing well.
The company hopes to update a further six sites with this new look and feel this year.
Chief executive Jon Hendry-Pickup told MCA: “Alongside sensible estate management, we continue to invest in the growth of the business, with new restaurant openings and an ongoing programme of updating sites with a new look and feel.”
