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Industry News – Friday 24th February

Food & Fuel reports turnover and Ebitda growth: Food & Fuel, the 13-strong London-based cafe bar operator chaired by former Spirit boss Karen Jones, has reported turnover up 3.6% to £12,945,336 in the year to the end of May 2016. Ebitda increased by 12.8% to £819,643, despite one of the company’s outlets trading less than the full financial year having been sold in April 2016. The company stated: “The directors are pleased with this strong performance, which represents the tenth year of like-for-like growth.” Loans of £1,516,781 were repaid in June 2016 and a new loan of £2,750,000 taken outRead More

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