Search:
 

Bank Restaurant

Companies: BKR   
29/06/2001

Another self-styled foot-and-mouth casualty, Bank's results for the 23 week period from 23 November (the date of the company's Aim debut) to 30 April were behind expectations and trading is still said to be difficult. A pre-tax profit of £92,000 was made during the period from its three restaurants, inclusive of £75,000 goodwill amortisation and £175,000 depreciation. Turnover totalled £3.75m. For what it is worth though, the three restaurants (Bank Aldwych, Bank Westminster - incorporating the Zander Bar, and Bank Birmingham) have attracted accolades over the trading period, and the board believes that its brand strength will carry it to better things. However, the £2m debt to be paid off this year looks to be a worry - Bank had less than £0.5m in the bank on 30 April.


People who read this article also read ...
11/02/2005
25/02/2004
14/03/2003
26/06/2002

Sponsored Listings

Manage Your Finances Money, tax and benefits : your official guide.

Recent Articles

Announcements

Sector Articles

Lo-Q
24/11/2008

Strong dollar helps Lo-Q
21/11/2008

Maypole
04/11/2008

Probability
04/11/2008

AMZ
13/10/2008