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New World Trading Company profit rises 63%

By James Evison contact

- Last updated on GMT

New World Trading Company's Chris Hill: 'Proud' of new employee initiative, Tribes
New World Trading Company's Chris Hill: 'Proud' of new employee initiative, Tribes

Related tags: World trading company, The current, Public houses in the united kingdom

The New World Trading Company has seen profit increase by 63% and sales rise by 70%, according to its latest financial figures.

NWTC, which operates of 15 pub-restaurants, said sales now stood at £30.1m with adjusted profit at £3.5m in the year to 31 March 2016.

The multiple-operator has expanded its range of sites across the country with seven openings, including four of its Botanist brand, two new Trading House sites in London and Glasgow as well as new concept, The Club House, in Liverpool.

A further four new sites are planned for the current financial year with a Botanist in Sheffield opening this month, and one in York scheduled to open soon.

It follows the Living Ventures-backed group being acquired by Graphite Capital for £50m​ along with the management team, including long-standing stalwart and CEO Chris Hill. 

Awards

NWTC has won numerous Morning Advertiser​ awards, including Best Employer and Managed Pub Company at the Publican Awards​, as well as numerous Great British Pub Awards​ for its multi-million pound profit sites. 

Chris Hill, CEO of NWTC said: “We have achieved so much this year but I’m especially proud of the launch of our exciting new employee engagement initiative called Tribes.  It demonstrates our commitment to attracting, training and retaining the best people in our industry and this is at the heart of NWTC.

“NWTC continues to grow and our expansion programme is ahead of schedule. Current trading is excellent and we look forward to a number of exciting new openings in the coming year.”

 

Related topics: MA500 Business Club

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