The Botanist and The Oast House owner to create 500 jobs a year after returning to profit
manchestereveningnews.co.ukThe owner of The Oast House in Spinningfields as well as The Botanist on Deansgate and in Didsbury has returned to making a profit for the first time since 2019 after its sales surpassed pre-pandemic levels.
Alderley Edge-headquartered New World Trading Company is also aiming to open between five and eight new venues a year, creating around 500 jobs annually.
The company currently operates 35 locations across England and Wales. Its brands also include The Florist, The Club House, The Canal House, The Trading House, The Smugglers Cove and The Furnace and is backed by Graphite Capital which is also a long-time investor in steak restaurant Hawksmoor, which has a site on Deansgate. READ MORE: Click here to sign up to the BusinessLive North West newsletter For the 12 months to the end of March 2022, the business has reported a turnover of £59.9m, up from the £17.1m it posted in the prior year.
The new figure is also higher than the £55.3m it achieved in the year to March 2020. The company's adjusted EBITDA rose to £6.7m while its profits after tax totalled £1.2m, up from a loss of £4.8m 12 months ago.
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