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The Ivy Collection’s parent company, Troia Restaurants, has reported a turnover rise of 3.5% to £314.7m in the year to 31 December 2023 despite having opened no new venues during the period.
The Richard Caring-backed group also saw its profits before tax jump by 30% to £37.7m during the period, with its adjusted EBITDA rising 4.9% to £57.5m.
According to Troia’s filing at Companies House, its proposition “proved compelling value” for customers, which “contributed to another impressive year”.
Operating 50 restaurants across the UK and Ireland, the group intends to expand its market share by opening more locations, enhancing its menu, and maintaining high customer service standards.
Plans were submitted last week by The Ivy for a new restaurant location in Nottingham, at the former Hugo Boss premises.
Troia Restaurants’ portfolio includes The Ivy and The Ivy Asia brands, alongside its London establishments – Granary Brasserie and Brasserie of Light.
