Bar group Nightcap has said it will slow down its expansion plans due to current economic “uncertainty” as it posted a six-fold growth in revenue during its first full year of trading.
The AIM-listed company, which owns The Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars, generated £36m in sales during the financial year to July, when it opened 12 new venues.
The firm, founded by Dragons Den star Sarah Willingham, swung to a profit of £500,000 during the period from a £5.2m loss recorded a year earlier.
