Comptoir Group forecasts revenue of £31.5m

The owner and operator of Lebanese-, Middle Eastern- and North African-inspired restaurants has announced that trading for the 52 weeks ending 31 December was in line with management's expectations. Not only this but, subject to audit, Comptoir Group expects to report a revenue performance of approximately £31.5m (2022: £31m).

During the year, the company opened a new Comptoir Libanais restaurant in Ealing, which is performing ahead of expectations, but also closed a location in Leeds Trinity Centre. 

The company has also identified further sites for development, including London's South Bank, which is due to open in April. The group ended the year with an estate comprising 21 managed restaurants and six franchise restaurants. 

The business retains a strong balance sheet, with net cash of £3.4m (H2 2022L £5.7m) at period end. The board looks to the year ahead with confidence as the company continues to expand and grow its brands. 

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