G101 group returns to profit

04 January, 2010

Scottish off-licence group G101 has returned to profitability on the back of an 18% increase in turnover in the year to May 31, 2009, according to documents lodged at Companies House.

The chain – owned by the secretive King family – reported an operating profit of £83,000 against a loss of £26,000 in the previous financial year.

Turnover increased from £33.9 million to £40.1 million over the same period.

The directors’ report for the year states that they are “confident that the major capital investments made by the company in the previous year will enable it to maintain a profitable position and achieve continuous growth”.

The company intends to reinvest ”a substantial amount” of its profits back into the company in a bid to improve its market position.




Bookmark this


Site Search

COMMENT

The shops that stand out from the madding crowd

The judges met last week to sort out the winners in the independent categories of our 2018 Drinks Retailing Awards. The results are top secret until the awards dinner on February 6 but it’s giving nothing away to report that the overall standard of those that will be revealed in the shortlist of finalists in the January issue of DRN is higher than it’s ever been.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Twitter