CONFIDENCE
Buzzworks Holdings, the hospitality group behind a string of venues across Ayrshire and the west of Scotland, has booked a jump in turnover and profits “despite sector challenges”.
Releasing financial results for the year ended 30 April, the restaurant and bar operator said turnover had risen 15.6 per cent to £14.8 million, while pre-tax profit increased by 9.2 per cent to £694,248.
The group said that the past financial year had marked an “exciting period for the company” with the arrival of the Corner House in Kilwinning and a significant investment in its established restaurants including a £500,000 refurbishment of the flagship Scotts in Troon.
The Prestwick-based family business, which is run by entrepreneurs Kenny, Colin and Alison Blair, said 2018 would see further investment in its operations, which span ten venues across Ayrshire and Bridge of Weir.
Director Kenny Blair said: “It is fantastic to reflect on such a strong financial year where we have invested in a host of new
0 Kenny, Alison and Colin Blair are behind family-run Buzzworks Holdings
KENNY BLAIR , DIRECTOR projects and seen the extensive refurbishment of our flagship venue – Scotts in Troon.
“Last year was an exciting time for Buzzworks Holdings and as a company we achieved some healthy results; however we are constantly looking forward and our focus is now on how to make 2018 even more of a success as we expand into the east coast and beyond.
“We move forward with cautious optimism as the sector continues to face challenges relating to increased supplier and staff costs, however we have managed this well. We will continue to invest heavily in our people and bring them along on this exciting journey, whilst making sure our customers continue to enjoy world class hospitality at each of our venues.
“We believe this commitment to excellence and investment in the team and the portfolio have been instrumental in our success to date.”
The latest annual results also identifieda13percentincrease in employee numbers – rising from 387 in 2016 to 438 last
“We move forward with cautious optimism as the sector continues to face challenges relating to increased supplier and staff costs.”