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Gordon Ramsay’s Restaurants Back into Profit

The company that runs Gordon Ramsay’s 34 restaurants moved back into profit in 2018, driven by a full-year’s trading at its Plane Food operation at Heathrow Terminal 5, as well as openings of Hell’s Kitchen Las Vegas and Gordon Ramsay Steak in Baltimore and Atlantic City in the USA.

Gordon Ramsay Restaurants reported a 4.3% increase in turnover for the 12 months to 31 August 2018, rising to £53.6m (€60.1m). The company made a pre-tax profit during the year of £540,000 (€612,000), reversing the £3.8m (€4.3m) loss it made the year before.

The company runs 14 London-based restaurants including the three-Michelin-starred Restaurant Gordon Ramsay on Royal Hospital Road in London’s Chelsea, as well as the one-Michelin-starred Petrus and Savoy Grill. The group also has several more casual dining operations including Bread Street Kitchen, Heddon Street Kitchen, London House and Union Street Café.

Most recently, it opened Asian eating house Lucky Cat by Gordon Ramsay, in what was Maze in London’s Grosvenor Square.

Meanwhile, it has licence agreements for 20 restaurants in various locations around the world. During 2019, the business has opened its fourth Maze Grill in Hong Kong, as well as a second Hell’s Kitchen in Dubai.

Commenting in a review of the results, managing director Andrew Wenlock said: “Given the tough trading conditions this result is a sign of the group’s strength and its ability to develop successful global restaurant brands.”

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