Exclusive – Glendola Leisure and sister company Carlton Hotels see turnover near £100m: Glendola Leisure, which is owned by the Salussolia family, and its sister company, Carlton Hotels, have seen combined turnover near the £100m mark. Revenue across the two companies increased to £97,595,000 for the year ending 30 March 2024 compared with £86,582,000 the year before. Ebitda was up to £24,405,000 from £19,544,000 the previous year while pre-tax profit grew to £15,404,000 compared with £12,290,000 the year before. Total net assets were £109,857,000. Revenue at the 17-strong Glendola Leisure increased 13% to £37,646,000 compared with £33,379,000 the previous year. Ebitda was up 24% to £6,160,000 from £4,949,000 the year before. Pre-tax profit grew 51% to £3,772,000 compared with £2,501,000 the previous year. The company, which employs around 470 staff, did not receive any government grants (2023: £5,000). Dividends of £300,000 were paid (2023: nil). Meanwhile, the 11-strong Carlton Hotels saw turnover increase 12.7% to £59,949,000 compared with £53,203,000 the previous year. Revenue from UK operations increased to £7,804,000 (2022: £6,338,000) and £52,145,000 from the rest of Europe (2022: £46,865,000). Ebitda grew 25.6% to £18,337,000 from £14,595,000 the year before. Pre-tax profit rose 17.7% to £11,524,000 compared with £9,789,000 the previous year. In June 2023, the group acquired The Banks Hotel in the Belgian city of Antwerp. The company, which employs around 460 staff, did not receive any government grants (2022: £144,000). A dividend of £300,000 was paid (2023: nil). In their report accompanying the accounts, the directors stated: “The [Glendola] group has had another year in a very challenging economic environment, including high interest rates, high inflation and the cost-of-living crisis. The management is continuously trying to manage and mitigate these various challenges. Management believes the group is in a strong financial and operational position to grow the business and take on new opportunities. [Carlton Hotels] has had an extremely strong performance. The group refinanced the UK business in January 2024 for a three-year period with a two-year optional extension. The mainland European businesses are financed by a six-year loan that runs until April 2030.” As previously reported, Glendola Leisure is opening “eco-conscious” venue, Well & Boot, at London’s Waterloo station in 2025. The 3,500-square-foot space will accommodate around 150 people, showcasing Glendola’s commitment to sustainability with initiatives to minimise packaging and waste. Meanwhile, Glendola Leisure and Carlton Hotels are collaborating on a £50m hotel and bar development in Belfast, which is at the pre-planning stage and “will take a number of years to come to fruition”. In October, managing director Alex Salussolia told Propel that Carlton Hotels is considering a new addition in the Benelux region and Glendola aims to expand by two or three retail sites if the right opportunities arise. Glendola Leisure features in the Premium Club Turnover & Profits Blue Book, which is available exclusively to Premium Club members and features 1,039 companies. Glendola’s turnover of £37,646,000 is the 286th highest in the database. Companies can now have an unlimited number of people receive access to Propel Premium for a year for £995 plus VAT – whether they are an operator or a supplier. The single subscription rate is £495 plus VAT for operators and £595 plus VAT for suppliers. Email kai.kirkman@propelinfo.com to upgrade your subscription.

Exclusive – Jamie Oliver Group CEO steps down: Jamie Oliver Group chief executive Kevin Styles has stepped down, Propel has learned. Styles joined Jamie Oliver Group in July 2022 having previously been managing director at Vue International. Styles’ other previous roles included chief executive (Europe & UK) for American Golf, managing director at both Best Buy Europe and Kingfisher, and group marketing director at Thomas Cook. During his time at Jamie Oliver Group, he helped grow its international restaurant portfolio to more than 70 sites and last year saw the business’ return to the UK market with an opening in London’s Covent Garden. The group is due to open a new cookery school and café within the John Lewis in London’s Oxford Street in the spring. A Jamie Oliver Group spokesperson told Propel: “After nearly two and a half years, Kevin Styles is leaving to focus on new opportunities. Together with his leadership team, he successfully put in place the five year strategic roadmap, structure and key initiatives to significantly grow the business. The Jamie Oliver Group will continue to be run by its experienced operations board while a new chief executive is recruited.”