Le Bistrot Pierre, the restaurant and pub chain, has reported a 18% increase in turnover to £10.09m for the year to 31 December 2011 and said it continued to consider opportunities for new openings. Pre-tax profit at the nine-strong group, which was founded by Robert Beacham and John Whitehead, increased from £129.8k to £425.4k during a year that saw it open one new site in Ilkley, benefit from a full year’s trading at its sites in Harrogate and Stockton Heath, and carry out major refurbishments at two existing sites. The company, which is thought to be looking at expanding outside of its current Midlands and Yorkshire heartland, said that the increase in sales relating to continuously trading sites was 4.2% and was “in line, if not slightly ahead of the market trend in general”. It said that it continued to consider opportunities for new openings as well as looking for growth from its current estate. The group said that following a review of fixed asset values and in light of the current challenging economic climate, it felt it was prudent to revise asset values downwards by c£171k. In January, the group reported a 13% increase in like-for-like sales for December 2011 compared to the previous year. It said that on a two-year basis like-for-like sales for the final month of 2011 were up 11.2%.