Drake and Morgan FY turnover rises 5% to £45.5m
As part of this, Drake and Morgan has seen its weekend trade jump by over 30% compared with pre-Covid
Drake and Morgan has revealed that its turnover has risen 5% to £45.5m for the year ended 31 March 2024.
Alongside this, the company’s adjusted EBITDA rose to £4.4m, up from £4.1m the previous year.
It comes as the company has stated that Christmas bookings are set to eclipse last year’s record across its estate.
Alongside this, the company stated that the positive performance of the business has carried into this financial year.
As part of this, Drake and Morgan has seen its weekend trade jump by over 30% compared with pre-Covid.
David King, CFO, said : “The business is trading ahead of last year and, for the second year running, is experiencing its best Christmas to date. Our drive to maximise the Company’s performance is underpinned by our daytime dancing and brunch events boosting weekend sales whilst the ongoing return to the office continues to bolster weekday trade.
“We were extremely proud to be named in The Sunday Times Best Places to Work 2024 which is a reflection of the team’s commitment to ensuring we operate within a supportive, inclusive and positive work environment. The directors are excited about the year ahead and remain confident Drake and Morgan will continue to go from strength to strength in spite of the well documented additional costs being imposed on businesses as a result of the recent budget”.