The New World Trading Company grew sales 33% in the year to 31 March to £40.1m.
The group, which opens its 20th outlet this week in West Bridgford, increased adjusted operating profit 41% to £5.1m.
The year saw the group complete a management buyout backed by Graphite Capital and open three pubs under its Botanist brand – in Sheffield, York and Didsbury. Since the year-end there have been three more Botanist openings – in Reading, Salford Quays and West Bridgford as well as the Canal House in Birmingham. The group has also secured a site in Bristol for new brand, The Florist, which will open in Spring next year.
Chief executive Chris Hill told MCA that trading so far this year has been good and he was especially pleased with how new openings had quickly ingrained themselves in their local communities.
He said he hoped to have grown the business to 22 sites by April, with an ongoing annual rollout target of six openings a year.
On the 2016/17 financial year, Hill said: “This has been an exceptional year for NWTC. After successfully completing our management buyout in June 2016, we have made significant progress laying the foundations for our future growth and we look forward to a number of exciting new openings in the coming year.
“Our brands keep evolving successfully, which is testament to our staff and the unique nature of our offer, with each new site tailored to suit its local market. Our aim is to provide an unrivalled customer experience. Our employee engagement initiative, Tribes, demonstrates our commitment to attracting, training and retaining the best people in our industry, which is at the heart of NWTC.”
The year saw NWTC win a host of industry awards, including sweeping the board at the Publican Awards and winning Best Use of Technology at Retailers Retailer of the Year.
