Turnover up at Rosa’s London restaurant group

25/10/2017 - 09:15
Rosa’s London, operator of the Rosa’s Thai Café and Saiphin’s Thai Kitchen restaurants, has reported an increase in turnover and operating profit for the year ending 31 March 2017.

Its latest financial report filed on Companies House showed turnover at the company increased to £8.19 million for the 12 months compared with £5.5 million the previous year.

EBITDA was up at £1.38 million versus £815,000 the year before, while pre-tax profit rose to £722,496 in comparison to £313,373 in 2016.

Rosa’s London operates ten sites across London made up of nine Rosa’s Thai Kitchen’s and one Saiphin’s Thai Kitchen- named after co-owner Saiphin Moore who runs the business with husband Alex Moore.

Two of the ten sites were opened during the period covered in the report, in Victoria and Brixton, while two have opened since March in Seven Dials and West Hampstead.

The company says it is looking to grow its portfolio further and expand outside of London with Liverpool looking a likely destination.

“The pipeline for sites remains strong and the company expects to open two additional sites during the first quarter of the 2017/2018 financial year,” said Rosa’s London.

The group listed exchange rates and overseas recruitment as two uncertainties facing the business, the latter due a heavy reliance on non-British workers from across the EU and Thailand, who may become “more difficult to recruit and retain,” post Brexit.

Rosa’s London says it has started to mitigate these issues by recruiting and training non-Thai chefs.

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