Despite the difficulties faced, Buzzworks Holdings reported an impressive increase in revenue of £4.7m, reaching £29.9m for the financial year ending 30th April 2023
"We have stuck to our plans for expansion, investment in our portfolio and development of our people and despite challenging conditions, we've had a successful year." - Kenny Blair
The underlying earnings before extraordinary items, tax, depreciation, and amortization stood at £2.94 million for the current period, representing a decline compared to last year's £3.95 million.
Investment in Buzzworks' venues and property holdings did not cease, as shown by the £4.7m contribution towards the addition of Scotts Greenock and the debut of Thirty Knots South Queensferry and Herringbone Abbeyhill on London Road Edinburgh in Scotland's east coast.
The-week sales period finishing on December 31, 2023, registered a 5.3% increase compared to the comparable period in 2022.
Buzzworks maintains its commitment to industry-leading staff benefits and development opportunities, including competitive wages, training, career progression, flexible working hours, and wellness incentives.
The goal is for Scotland to be a place where hospitality businesses thrive rather than survive – communities where jobs and careers are created for local people in venues that can be enjoyed by all.
- Kenny Blair
Manorview Group, another successful Scottish hospitality company, announced its plans to distribute 10% of their net profits among team members through the Heartcount scheme.
The organization also hosts parties for underprivileged children and supports causes addressing poverty and hardship via the Manorview Foundation.
"Fairness is at the heart of our decisions. - David Tracey