Nando’s, the fast-casual chicken restaurant chain, saw its pre-tax losses narrow in the year to 27 February as turnover broke through the £300m mark, on the back of new openings and the acquisition of the Clapham House Group. Pre-tax loss for the year stood at £7.08m down from £11.75m the previous year, while turnover increased from £280.2m to £333.8m. Operating profit increased from £13.7m to £19.64m. During the year, the group, which is backed by Capricorn Ventures, repaid £89.95m of old debt, which was replaced by a new facility of £134m, with £670,000 of debt cost relating to the old debt written off. The company, which is led in the UK by Rob Papps, said it had made “significant and exciting progress” during a year in which its estate increased from 223 restaurants to 295, including 54 units added from the Clapham House deal. It said that performance at restaurant level had been “extremely good” with all its sites contributing to group overheads. At the end of 2010, the group acquired the remaining 70% of the Clapham House Group, the company behind the Gourmet Burger Kitchen (GBK) and Real Greek chains, for £30.4m. The company said that for the 28 weeks to 24 October 2010, GBK Restaurants Ltd (formerly the Clapham House Group) reported a turnover of £21.21m, with pre-tax profit of £249,000. Ex-Clapham House Group chairman David Page and a new consortium of around 15 investors acquired the six-strong Real Greek chain from Nando’s in June this year. Nando’s said that Real Greek was always treated as an asset held with a view to a subsequent resale and was valued as such at £2.25m. Its results were not included in the full-year report. The group recently passed the 250-site mark in the UK for its eponymous brand.