(PRWEB UK) 21 May 2014
No bank debt
Repayment to shareholders
Profit before taxes �3.4m
Turnover inside financial year �88.3m
Capital investment of �6.2m
Following a lucrative initially year of trading, the UKs biggest nightclub operator, The Luminar Group has now announced a 34% heighten inside income for the 52 weeks till 22 February 2014 with a 50% heighten (post exceptionals inside 2014).
The organization, that uses 2000 individuals, plus operates 53 nightclubs nationwide, delivered a profit before taxes of �3.4m plus an EBITDA of �9.7m.
Commenting found on the results, Luminars chief executive Peter Marks said: The approach you adopted about purchase continues to deliver plus you are happy with all the consistent progress you are generating. Luminars trading position continues to better, because the effects of investment inside the property plus the folks together with a robust focus about expense control, improves profitability.
This improved performance plus industry standing was newly recognised by the Publican Awards whenever The Luminar Group was voted Best Late Night Operator inside the UK, together with being very commended for Best Organization Initiative for the UKCN App.
During the period, Luminar has continued with its investment programme that aims to minimize the average age of the property because refurbishment to 3 years. By the finish of FY14, over a quarter of the property had received a main refurbishment with a further �0.9m invested about minor refurbishments plus equipment upgrades.
The organization invested �5.3m with key projects including the release of PRYZM Bristol plus PRYZM Kingston, creating unique, multi-room clubbing experiences. Clubs inside Bournemouth, Lincoln, Preston, Cambridge plus Romford were equally invested inside as well as the organization created 2 tactical acquisitions inside Chelmsford plus Dundee.
Marks added: Whenever you acquired the company, 1 of the key priorities was to refurbish the property that had been under-invested for years. Our investment programme is today beginning to deliver results plus were proud of the good quality nightclubs you today work. In specific, PRYZM is at the leading edge of UK clubs with all the newest inside sound technologies together with deluxe interiors plus VIP pre-bookable booths attracting top name DJs including Duke Dumont plus Zane Lowe.
The business newly invested inside the further rollout of its honor winning UKCN X-press Drinks application that enables consumers to purchase plus pay for refreshments off their smartphone plus have them delivered direct to their table, removing the requirement to queue at the bar. Additional developments include the substitution of back workplace PCs inside clubs, the release of a engaging staff intranet to better correspondence over the property plus completion of the Dashboard Project to streamline results reporting.
As the UKs biggest nightclub operator, Luminar is committed to responsible retailing plus actively participates inside a quantity of industry schemes including Pub Watch, Best Bar None, Purple Flag plus Safer Socialising. Its clubs have claimed a amount of awards for their dedication to customer protection plus responsible retailing.
Current trading to date inside FY15 remains inside line with expectations, with all the refurbishment programme delivering returns about investment of over 40%. Looking forward, the late evening sector remains exciting with substantial upside for sturdy providers with all the firm remaining perfectly located to create continued progress this year.
Luminar continues to show positive development plus performance, with a obvious approach inside spot to retain the position because the greatest nightclub operator inside the UK. A passion for innovation together with a dedication to customer support, are key ingredients of the program to stay at the forefront of the industry, concluded Marks.
Issued by Limegreen Communications Limited
For further info contact Sarah Perrins about 07774 925943 or e-mail sarah(at)limegreencommunications(dot)com / Jo Mathers about 07799 662389 or e-mail jo(at)limegreencommunications(dot)com
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Answer by steffi
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We are about a week or month 1 basis. You are able to send taxes workplace shape P91, completed back to 6th April, the begin of the taxes year, plus perhaps they can provide we a correct code amount.
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