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Morning Briefing for pub, restaurant and food wervice operators

Tue 7th Feb 2017 - Bill’s reports turnover tops £110m, Ebitda up 8.9%
Bill’s reports turnover tops £110m, Ebitda up 8.9%: Bill’s Restaurants, owned by Richard Caring, has reported turnover increased by 20.5% to £110.5m for the year ending 31 July 2016. The company saw adjusted Ebitda rise 8.9% to £13.5m. The growth was largely the result of nine new site openings, including Greenwich and Sevenoaks, and Bill’s placed number 70 in The Sunday Times Virgin Fast Track 2016. The company said it was a year of leadership and team consolidation for Bill’s including the appointment of chief executive Mark Fox, who joined the business in May 2016 from Starbucks. Other changes included Ron Lento joining as innovation director, Graham Ford taking up the role of executive director of UK operations, Nicola Frayne joining as chief people officer and Catherine Salloux as marketing director. Founder Bill Collison continues to play an active role in the business and leads the creative design of all restaurants. Fox said: “2016 was a strong year for Bill’s against a challenging backdrop of cost and macroeconomic headwinds. Christmas trading was particularly strong, with like-for-like sales up almost 10%. Bill’s has built a rich brand out of its reputation for fresh, seasonal and eclectic British heritage across menus, service and restaurant design. We’re in a strong place to innovate in 2017, introducing new menus, a mobile app, and evolving our award-winning restaurant design. We’ll also be testing a new grab-and-go format to allow the freshness and seasonality of Bill’s to meet the demands of an increasing group of customers looking for the convenience of a quick bite to eat during the working day.”

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