Dorbiere Pub Group, the operator of freehold pubs across northern England and the Midlands, expects turnover to grow 8% in its current financial year and improve company profitability.
Turnover was flat in the year to 30 September 2013, at £12m, although pre-tax profit increased significantly from £483,740 to £743,494.
In accounts filed at Companies House, Dorbiere, which recently grew to 52 outlets with the acquisition of three sites, said: “The directors are satisfied with the results for the year and the year-end balance sheet position. To date, current year turnover and gross margins are in line with budgeted expectations.
“For 2014, having the benefit of major refurbishments at the Elms, Burton Upon Trent, and the Park Stoke on Trent, together with the full years trading at the Boards Head, Blackpool, the directors forecast an 8% increase in turnover, which combined with improved margins and reduced support centre costs will significantly improve overall company profitability.”
Last month managing director Ebrahim Mukadam told M&C Report: “We are hope to see if we can get to another five or 10 [this year]. We are looking for sites all the time.”
Dorbiere has an ambition to reach an estate of 75 pubs over the next few years. The company was founded in 1978 by Robin Gray.