Com­pany Re­port

Belfast Telegraph - Business Telegraph - - News -

Ban­ner Dell is a suc­cess­ful fam­ily busi­ness, owned by lo­cal in­ter­ests. It was formerly ini­ti­ated in North­ern Ire­land, but reg­is­tered sep­a­rately in Eng­land in mid-fe­bru­ary 2015. The group op­er­ates here, the Repub­lic, Scot­land and Eng­land.

It runs a large num­ber of re­tail fast food oper­a­tions through the Ken­tucky Fried Chicken fran­chise, as well as fo­cus­ing on prop­erty in­vest­ment and devel­op­ment. Its lat­est com­pany re­sults come as KFC in North­ern Ire­land an­nounces the open­ing of a new restau­rant in Glen­gorm­ley.

The fast food oper­a­tions are mon­i­tored on a month-by-month ba­sis to as­sess the growth of busi­ness, food costs and labour costs as a per­cent­age of sales and labour hours com­pared from one store to an­other.

The prop­erty port­fo­lio in­cludes shop­ping cen­tres, in­dus­trial es­tate, and of­fice ac­com­mo­da­tion.

The prop­erty is re­ported to achieve good rental yields.

The trad­ing re­sults have been in­flu­enced ini­tially in 2015 by the costs of es­tab­lish­ing the busi­ness.

In 2016 and 2017 a pos­i­tive op­er­at­ing profit was recorded.

In 2017, pre-tax prof­its were in­creased be­cause of a trans­fer of in­come of £30.9m from shares in other com­pa­nies in the group. Year by year, the com­pany has con­tin­ued a sig­nif­i­cant cap­i­tal ex­pen­di­ture pro­gramme and has seen an in­crease in the num­bers of em­ploy­ees, reach­ing 3,466 in 2017.

The bal­ance sheet value of share­hold­ers’ cap­i­tal in­creased sig­nif­i­cantly in 2017 as a con­se­quence of the re­ten­tion of the en­hanced pre-tax prof­its in the busi­ness. Div­i­dends of £220,000 were paid in 2017, fol­low­ing pay­ments of £270,000 in 2016.

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