Buzzworks celebrate 9.2% rise in profits as turnover hits £14.8m

January 30th, 2018 | Posted in: News,Uncategorized

Buzzworks, the award-winning Ayrshire-based hospitality group, owned by Kenny, Colin and Alison Blair, celebrated a rise in turnover of 15.6% to £14.8 million and a 9.2% increase in pre-tax profit to £694,248 for the year to 30 April 2017.

The promising results not only help cement Buzzworks reputation as a leader within the hospitality industry in Scotland but also demonstrates that Buzzworks commitment to investing in its people through its in-house training academy and through various employee initiatives is paying off.

The company has long promoted its commitment to developing leaders of the future and heralding the hospitality industry as a viable and prosperous career choice.

The financial year ending April 2017 included the arrival of the Corner House in Kilwinning and a significant investment in its established restaurants including a £500,000 refurbishment of the flagship Scotts in Troon. 2018 will see further investment in its people and its premises.

Kenny Blair, Director at Buzzworks Holdings, said: “It is fantastic to reflect on such a strong financial year where we have invested in a host of new projects and seen the extensive refurbishment of our flagship venue – Scotts in Troon.

“Last year was an exciting time for Buzzworks Holdings and as a company, we achieved some healthy results; however we are constantly looking forward and our focus is now on how to make 2018 even more of a success as we expand into the east coast and beyond.

“We move forward with cautious optimism as the sector continues to face challenges relating to increased supplier and staff costs, however, we have managed this well. We will continue to invest heavily in our people and bring them along on this exciting journey, whilst making sure our customers continue to enjoy world-class hospitality at each of our venues.

“We believe this commitment to excellence and investment in the team and the portfolio have been instrumental in our success to date.”

The annual results also identified a 13% increase in employee numbers (rising from 387 in 2016 to 438 in 2017).

For the second year running, Buzzworks was identified in the Sunday Times 100 Best Companies to Work for in the UK list, propelling itself from 64thplace in 2016 to 40th place in 2017.

For entrepreneurs Kenny, Colin and Alison Blair,

They will look to establish the newest venue in the portfolio, The Coach House in Bridge of Weir – the first outside of Ayrshire – following its opening in summer 2017 and continue its expansion with the arrival of Scotts at Port Edgar Marina in the East which is anticipated summer 2018.

The team are also on the lookout for new venues across Scotland.

Buzzworks Holdings currently manages ten venues including Elliots, Scotts in Troon and Largs, Lido venues in Prestwick and Troon, The Tree House in Ayr, The Long House in Kilmarnock, The Mill House in Stewarton, The Corner House in Kilwinning and their newest venue The Coach House in Bridge of Weir.

www.buzzworksholdings.com


An everyday crime – being rude to waiters!

Fri 18th January 2019

People who are rude to waiters should be fined or even jailed according to 85% of the people polled recently in a survey by TV Channel CBS J... Read more.

Whitbread announces £500m share buyback programme

Thu 17th January 2019

Whitbread investors are to share in the Coca-Cola deal with a £500 million share buyback programme after the sale of Costa for £3.9 billio... Read more.

Quiet Man Taverns appoint first executive head chef

Wed 16th January 2019

An Edinburgh-based pub group has appointed the award-winning William Thomson as its first group executive head chef.... Read more.

Edinburgh Whisky Academy launches Introduction to Whisky Certificate

Tue 15th January 2019

The Edinburgh Whisky Academy, which is fully accredited by the Scottish Qualifications Authority (SQA), has launched their first tier of e... Read more.

Tue 15th January 2019

Belhaven owner Greene King has appointed Nick Mackenzie as its new chief executive. Mackenzie will join the company on 1 May, succeeding Roo... Read more.

Oli Norman buys Stephen White out

Tue 15th January 2019

Oli Norman has taken full control of the seven-strong pub business that he and Stephen White built. ... Read more.

Oran Mor unveils Tam O’Shanter paintings

Tue 15th January 2019

Glasgow’s Oran Mor has unveiled 10 new paintings by Scottish artist Nichol Wheatley depicting the most memorable scenes from Tam OR... Read more.

Bridge of Don bar’s customers raise £650 for local neighbourhood park

Mon 14th January 2019

Customers at The Brig Inn on Aberdeen’s Balgownie Road have raised £650 for their local neighbourhood park (Friends of Seaton Park)... Read more.

Makeover for Edinburgh’s Scottish Cafe & Restaurant

Thu 10th January 2019

Edinburgh’s Scottish Cafe & Restaurant has closed for a major redevelopment, as part of the £22m National Galleries of Scotland Collecti... Read more.

Highland Pubs buck UK-wide closure trend

Tue 8th January 2019

Here's a reason for licensees to be cheerful in what might be an otherwise challenging month, well those in the far north of Scotland at any... Read more.

Two hospitality-related MBEs for Scots in 2019 New Year Honours

Tue 8th January 2019

More than 100 Scots have been included on the Queen’s New Year Honours List 2019, including two MBEs for hospitality-related services.... Read more.

Highland family go from field to fork

Tue 8th January 2019

The Coach House Bar and Restaurant in Dornoch has been acquired by husband and wife team Tommy and Audrey Mackay in a reported six-figure de... Read more.

HATS OFF TO HI-HAT TRIO

Tue 8th January 2019

Business partners Les Ross, Lewis Boddy and Mark Klose have opened a new late-night venue in Dumfries called The Hi-Hat, in the upper floor ... Read more.

Fife Arms Hotel gets it down to a fine art

Tue 8th January 2019

The 46-bedroom Fife Arms Hotel in Braemar is now officially open, and leading the team is General Manager, Federica Bertolini, who joined fr... Read more.

Design focus: Jax Bar-Eatery

Tue 8th January 2019

The 80s revival shows no signs of hanging up its legwarmers if the design of Jax Bar-Eatery in Glasgow’s Princes Square is any gauge. Thin... Read more.

Design focus: Bertie’s

Tue 8th January 2019

A neon sign displaying the legend ‘Fry Me to the Moon’ is one of many wonderfully quirky touches in Bertie’s – the Vittoria Group’... Read more.

Licensee interview: Marco Arcari and Mario Arcari

Tue 8th January 2019

Even sitting down for a coffee with father and son team Marco Arcari, 51, and Mario Arcari, 28, screams quality. It’s beautifully presente... Read more.

Greene King reports like-for-likes up 10.9% over Christmas fortnight

Tue 8th January 2019

Belhaven owner Greene King has reported like-for-like sales over the two weeks to Christmas were up 10.9%. After 36 weeks of its financial y... Read more.

Sales of Buckfast hit record high

Mon 7th January 2019

Sales of Buckfast have hit a record high with further growth expected this year following the introduction of minimum pricing in Scotland.... Read more.

AB InBev makes changes to UK and Ireland senior management team

Mon 7th January 2019

Anheuser-Busch InBev (AB InBev) has reshuffled its UK and Ireland senior management team as part of organisational changes designed to captu... Read more.