Nighclub operator Luminar announces 50% profits rise
THE UK’s largest nightclub operator, The Luminar Group, which has clubs in Tamworth and Coventry, has announced a 50% increase in full year profits.
The company, which employs 2,000 people and operates 53 nightclubs nationwide, delivered saw pre-tax profit reach £3.4m and an EBITDA of £9.7m in only its second full year of trading under a new management team.
Over the last 12 months, Luminar has invested significantly in its estate, including £100,000 at Kuda in Tamworth, formerly known as Trinity. It launched in September creating an additional 10 jobs to the 30 already employed there. The company also runs JJ’s in Coventry.
Commenting on the results, Luminar’s regional director Trevor Ellard said: “The strategy we adopted on acquisition of the business continues to deliver and we are pleased with the consistent progress we are making. Our trading position continues to strengthen as the effects of investment in our estate and our people, together with a robust focus on cost control, improve profitability.”
This improved performance and reputation was recently recognised by the Publican Awards when The Luminar Group was voted Best Late Night Operator in the UK. It was also highly commended for Best Business Initiative for its UKCN X-press Drinks app which allows customers to order and pay for drinks from their smartphone and have them delivered to their table without the need to queue at the bar.
“We’re proud of the high quality nightclubs we now operate. We have a clear plan in place to continue to position Luminar as the best nightclub operator in the UK. A passion for innovation, together with a commitment to customer service, is a key part of our plan to remain at the forefront of the industry,” added Ellard.