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.