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Nightclub operator announces 50 per cent increase in profits

Maine Street, above the Liquid nightclub in Commercial Street, Halifax

Maine Street, above the Liquid nightclub in Commercial Street, Halifax

The UK’s largest nightclub operator, The Luminar Group, which runs Liquid & Maine Street in Halifax, today announced a 50% increase in profits for the 52 weeks until 22 February 2014

The company, which employs 2,000 people and operates 53 nightclubs nationwide, delivered a profit before tax of £3.4m and an EBITDA of £9.7m in only its second full year of trading under a new management team.

Commenting on the results, Luminar’s regional director for the North, Tony Gorbert, said: “The strategy we adopted on acquisition of the business continues to deliver and we are pleased with the consistent progress we are making. Our trading position continues to strengthen as the effects of investment in our estate and our people, together with a robust focus on cost control, improve profitability.”

This improved performance and reputation was recently recognised by the Publican Awards when The Luminar Group was voted Best Late Night Operator in the UK. It was also highly commended for Best Business Initiative for its UKCN X-press Drinks app which allows customers to order and pay for drinks from their smartphone and have them delivered to their table without the need to queue at the bar.

Mr Gorbert added: “We’re proud of the high quality nightclubs we now operate. We have a clear plan in place to continue to position Luminar as the best nightclub operator in the UK. A passion for innovation, together with a commitment to customer service, is a key part of our plan to remain at the forefront of the industry. And at Liquid & Maine Street we offer one of the region’s best nights out,”

 

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