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Coaching Inn Group sees gross profit jump by 56%

By James Evison

- Last updated on GMT

Coaching Inn Group's Edward Walsh: 'strong return from investments'
Coaching Inn Group's Edward Walsh: 'strong return from investments'

Related tags Coaching inn Inn

The Coaching Inn Group has also seen turnover grow by a third in the first six months of 2016, the pubco has announced.

The group, which runs a 12-strong estate of historical coaching inns across the UK, has doubled EBITDA (earnings before interest, taxation, depreciation and amortisation) during the first six months of this year to £1.04m from £665,376 in 2015.

Overall turnover was up to £8.4m against £6.3m for the same period in 2015 – a 33% hike –  and site EBITDA was also up a third from £1.4m to £1.8m with like-for-like sales increasing by 5.8%.

Strong return

Coaching Inn Group finance director Edward Walsh said: “We’ve had an excellent start to the year with these results already demonstrating a strong return from the investments made in terms of site acquisition and development as well as the investment we continue to make in our central team.

“The introduction of our central reservations office and expansion of our operations team over the past 12 months is having a really positive impact, both in terms of sales and profitability and we will look to develop this further as we gear up for the next stage of our growth.”

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