Restaurants

The Hush Collection sees FY20 turnover fall to £8m

However, through a combination of tight controls, landlord rent negotiations and government support, the company said it had narrowed its EBITDA loss to £388,915 during the period

The Hush Collection has revealed that turnover for the year ending 27 December 2020 dropped 20% to £8.42m from £10.57m as a result of Covid-19 restrictions.

However, through a combination of tight controls, landlord rent negotiations and government support, the company said it had narrowed its EBITDA loss to £388,915 during the period.

Also during the period, the group launched Little Planted Kitchen, a new vegan delivery brand which has continued to operate out of 11 sites across London.

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The group also made a repayment of a senior loan with HSBC out of cash flow and invested in its existing estate with refurbishments.

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Meanwhile all of the restaurants have reopened in line with government guidance and have continued to have high team member retention rates.

Jamie Barber, chairman of The Hush Collection, said: “It has been an incredibly challenging time for hospitality, but we are immensely proud of our performance.

“The business has shown agility and adaptability and these results are a testament to that as well as our loyal team. Our restaurants have traded well this year and beyond expectations. As such, we are well-placed to ride any additional pandemic headwinds.”

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