06 April 2005
Trading statement
The Clapham House Group PLC (“Clapham House” or “the Company”) today makes this trading statement in advance of the release of the Company’s preliminary results for the year to 31 March 2005, which are scheduled to be announced in early June 2005.
The Directors of Clapham House are pleased with the Company's trading in the financial year to 31 March 2005, which is in line with expectations.
The Company's acquisition of new sites for all three formats is progressing well: the Company opened a new Bombay Bicycle Club restaurant last month in Holland Park, London W11 and expects to open at least a further 7 units across the three brands in excellent locations within London in the first quarter of the new financial year. This will take the total number of units owned and operated by the Company to 25, with a substantial number of additional sites currently under offer.
Paul Campbell, Clapham House CEO, commented :
We completed our three acquisitions ahead of schedule and have now switched our attention to growing our estate of restaurants and delivery units. This expansion is already gaining momentum and positions us well for the achievement of our plans for the future.