Restaurant group Tasty sees 33% turnover rise

Restaurant firm Tasty, which owns the Wildwood and DimT brands, has reported a 33% rise in annual turnover for the year to 30 December 2012.

The company, operated by serial restaurateurs Adam and Sam Kaye, announced this morning that turnover for the period stood at £19.3m while operating profit (before opening costs) was £1.7m.

The group currently has 26 restaurants including six DimTs and 20 Wildwoods.

Five new Wildwood restaurants were opened during the year: at Epping in March; Market Harborough in April; Ely and Bow St both in May and Canterbury in October. The former Chez Gerard site at Cambridge acquired in December 2011 was closed in February and re-opened as a Wildwood restaurant in March 2012.

Since the year end the Group's two Cafe Pasta restaurants at Shaftesbury Avenue and Stratford-upon-Avon acquired in November 2011, were converted into a new sub-brand of Wildwood, Wildwood Kitchen. The company has also opened a new Wildwood Kitchen at Didcot in March 2013 and two Wildwood restaurants in South Woodford and Newmarket in April 2013.

Chairman Keith Lassman said in a statement: "The Group continually looks to update its menus and for much of the year has successfully offered promotions to encourage growth in sales although less aggressively than in previous years. Management have continued to focus on food and labour margins and these continue to be kept under constant review."