News & Comment
Gary Ashworth, founder chairman of recruitment group InterQuest, has become chairman of loss-making restaurateur and fishmonger FishWorks.
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Restaurant group FishWorks lost £228,000 pre-tax in the 17 months to July before taking in £305,000 deferred tax.
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OFEX-quoted FishWorks, which operates five fish restaurants around the country, turned a £670,000 loss into net profit of £158,000 in the 12 months to February, helped by favourable media coverage of its outlets, writes Robert Tyerman.
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Losses at Bath-based FishWorks, the fish restaurant and fishmongering group, increased by £13,000 to £425,000 in the year to February. But as its number of outlets rose from one to three, turnover accordingly surged from £470,000 to £1.3 million, writes Robert Tyerman.
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West Country fish restaurant group Fishworks chopped its losses from £230,000 to £84,000 in the six months to August, helped by new restaurant openings, writes Robert Tyerman.
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West Country fish restaurant group Fishworks blames the expenses of last year's Ofex flotation and the cost of expansion for losses of £412,000 in the year to February.
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Media production expert Roger Murray-Leach is bringing Bristol-based
Fishworks, owner of the prize-winning Green Street Seafood Café in Bath, to
the J.P.Jenkins share market. The issue, at 50p a share, values the company
at £4.6 million, writes Robert Tyerman.
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Recommendations
The tide has turned at restaurant and fishmonger chain Fishworks, which has just hooked first annual profits for the year to July.
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With a 7.8% interim improvement in like-for-like sales, two new sites opened in the first half year to January and one since then taking the total to ten, restaurant chain Fishworks is confident of posting a profit for the full year.
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FishWorks
NO RECOMMENDATION 16/08/2002
Losses at Bath-based fish restaurant and fishmongering group FishWorks increased by £13,000 to £425,000 in the year to February.
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