Prezzo, the TPG Capital-backed restaurant chain, has reported revenue for the year to 3 January up 13% to £213.8m.

The group reported adjusted pre-tax profits down from £23.3m to £23.1m - during a year in which the estate grew from 259 to 276 restaurants.

A £20m dividend was financed by the sale of £29.8m worth of freehold property sales.

The group said it was well-positioned for growth, with the ability to open 25-30 new restaurants each year without external financing.

Finance director Alan Millar, said: “We will continue to grow the business via selective new unit openings across the UK and also now in Ireland. With a number of important initiatives to drive our top line and enhance margins, together with tight control over operating costs we expect to deliver further growth for our investors.”

TPG took the c250-strong group private in February 2015 in a £303.7m deal. In May of this year it appointed Jon Hendry-Pickup, formerly of Travelodge and Tesco, as its new chief executive.