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Birmingham Post
Birmingham Post
Business
Jon Robinson

Covid bounce back hailed by high-end Chinese restaurant chain Tattu loved by celebrities

Turnover at high-end Chinese restaurant chain Tattu has jumped by more than 30% above pre-pandemic levels, new documents have revealed.

The Manchester-headquartered company, which also has sites in Leeds, Birmingham, Edinburgh and London, has said its sales for the first five months of 2022 were 32% higher than the same period in 2019.

The chain was founded by brothers Adam and Drew Jones from Blackburn and offers contemporary cuisine inspired by traditional Chinese flavours and ingredients, curated by executive chef Andrew Lassetter.

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Tattu's Spinningfield's restaurant has been visited by the likes of soap actors, members of the Real Housewives of Cheshire cast and wives and girlfriends of Manchester United stars.

The update has been included in the company's latest financial accounts for the 12 months to December 26, 2021.

They show its turnover increased from £8.1m to £14.5m and its pre-tax profits surged from £4,112 to £2.7m.

The chain's restaurants traded for less than eight months in 2021 because of government-imposed Covid-19 lockdowns. That compares to six months in 2020.

The company added that when its sites reopened in May 2021, trading was "exceptionally strong" despite on-going government restrictions.

It also said that its pre-tax profits for the year was a "good performance" given the trading restrictions.

Tattu added: "People, culture, communication and training have been a major focus in 2021 and continue to be so.

"Significant investment has been made in order to roll out industry-leading initiatives to ensure we effectively retain, recruit and train the best teams."

On its current financial year, the business said: "Trading in 2022 has continued to exceed pre-Covid-19 levels.

"The sales like-for-like for the first five months of 2022, compared to the same period in 2019, was 32%. Tattu London opened in March 2022 and is performing well.

"The mounting pressures on the economy from the war in Ukraine, Covid-19 and Brexit do present potential commercial challenges.

"However, the demographic of Tattu's customers and the occasion driven nature of bookings place the company in a move insulated position from economic market fluctuations as consumers continue to prioritise dining out to celebrate special occasions.

"Current inflation rates have had a negative impact on food and energy costs in particular.

"The business has been working very closely with suppliers and a procurement partner to ensure these increases are effectively managed.

"The high conversion rates achieved by the restaurants provides comfort in the company's ability to absorb increases in costs and continue to deliver strong margins."

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