Clapham House has reported “satisfactory” trading in the second quarter of its financial year but said it remained “cautious” about the future. The company said in an update prior to its AGM that it had introduced a number of new marketing initiatives. Earlier this year it disposed of its Bombay Bicycle Indian restaurants for £4.4m. It now operates from 82 locations, with 53 Gourmet Burger Kitchen restaurants (45 in the UK and 8 under franchise internationally), 23 Tootsies / Dexters restaurants and six The Real Greek restaurants. Clapham House added that the poor weather had impacted trading at its Tootsies' restaurants – where 23% of its covers were outside. But it said it had introduced a number of new marketing initiatives which were helping trading a GBK and its The Real Greek sites. David Page, Clapham House's chairman, said: “We believe that recent trading in the current economic climate confirms that the positioning and price point of our brands remains very attractive to a wide range of customers, offering high quality products but at affordable prices. “In addition to executing ongoing marketing campaigns across the portfolio, we have intensified the management of our supply chain and have revisited all arrangements with a view to achieving increased efficiency and scale savings whilst protecting the quality of our products. We monitor all costs extremely carefully on a continual basis.” “Whilst we are understandably cautious on the UK economic outlook and its impact on consumer spending, we are confident that Clapham House is well positioned with an appropriate and sensible growth plan for the current market conditions. “We remain highly positive about the mid-term market prospects for our formats and the UK eating out market.” Clapham House said it had added two new GBKs in the current financial year, one of which was at London's Old Spitalfields Market. It said it was also building four GBK restaurants to open in the second half of the year in Liverpool, Cardiff, Bristol, and White City and building two TRGs at Old Spitalfields Market and White City. It also added that contracts have been exchanged on two further properties. Its franchise partner opened two new GBK restaurants in Dublin, both of which have performed very well in their first few months of trading, said Clapham House. The statement added that the company expected at least two further GBK international openings under franchise in the second half of the year. Clapham House's net debt currently stands at £12.1m and its debt facilities are £21.7m