New World Trading Company sales up by 33% on last year

By Helen Gilbert

- Last updated on GMT

Storming: NWTC has recorded an exceptional year
Storming: NWTC has recorded an exceptional year

Related tags: New world trading, World trading company, 2016

New openings and positive like-for-like sales have helped New World Trading Company (NWTC) increase sales by 33% to £40.1m for the year ended 31 March 2017.

The Oast House and Botanist operator saw its adjusted operating profit increase by 41% to £5.1m over the same period. 

The company, which also counts the Smugglers Cove, The Trading House, The Club House and The Canal House among its portfolio, recently announced the launch of a further new brand, The Florist, to open in Bristol in spring 2018.

Management buyout in June 2016

“This has been an exceptional year for NWTC,” said chief executive officer Chris Hill. 
“After successfully completing our management buyout in June 2016, we have made significant progress laying the foundations for our future growth and we look forward to a number of exciting new openings in the coming year.
“Our brands keep evolving successfully, which is testament to our staff and the unique nature of our offer, with each new site tailored to suit its local market. Our aim is to provide an unrivalled customer experience. Our employee engagement initiative, Tribes, demonstrates our commitment to attracting, training and retaining the best people in our industry, which is at the heart of NWTC.”
The operator won six accolades at the 2017 Publican Awards: Best Drinks Offer, Best Managed Pub Company, Best New Pub/Bar, Best Pub Operations Team, Best Pub Brand/Concept and Best Pub Employer (500-plus employees).

Related topics: Other operators

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