Soho House, the bar, restaurant and members club group led by Nick Jones, reported a 2.2% rise in turnover to £65.3m for the year to 30 December 2012 across its UK operations and stated its ambition to open further sites under its Little House format.
EBITDA for the year stood at £9m down from £10.7m the year before, while pre-tax profit fell from £6m to £1.2m. Performance during the year was impacted by the six-month closure and £7.9m refurbishment of Electric House in Notting Hill.
Its eponymous site reported a 17% rise in EBITDA, Shoreditch House an 11% increase, Pizza East Shoreditch was up by 24%, High Road House by 33%, Dean Street Townhouse by 21%, Hoxton Grill by 27%.
Pizza East Portobello saw a 304% increase in EBITDA in its first full year of trading.
The company is currently in the process of investing £5.8m in the refurbishment of Shoreditch House which will be completed this year. It completed a £3.6m refurbishment of Babington Hose in March. It also converted its BKB site into the Sohio Diner.
The group opened the first Little House in Mayfair last May, which is desined to be a “slightly more grown up concept”.
The company said that it hopes the Mayfair site would be the first of a number of sibling clubs to Soho Houses in various locations across the world.
It said: “This is a strong performance from each of the company’s units. In these uncertain economic times, the company has continued to focus on efficiencies as well as trying to support and drive reservations. This strategy has helped deliver a very strong performance that management continues to follow.”
