THE Luminar Group, Britain’s biggest night club operator, yesterday revealed plans for further investment in two of its Yorkshire clubs after posting a healthy rise in full year profits.
Luminar Group, which employs 452 staff at its clubs in York, Leeds, Halifax and Hull, announced a 50 per cent increase in profits for the 52 weeks to 22 February, post exceptionals.
The company delivered a profit before tax of £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 £1.3m at PRYZM in Woodhouse Lane in Leeds.
Fifty jobs were created at the new-look club which re-launched in March. The venue has three dance arenas and a VIP area and was the first PRYZM to open in the North of England.
Commenting on the results, Luminar’s regional director for the North, Tony Gorbert, 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.”
Mr Gorbert said: “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.”
He added: “Altogether, 750,000 people visit our clubs in Yorkshire each year. We’re delighted to be back in growth again.
“We plan to invest in our clubs in Hull and Halifax this year. The investment total for the North last year was £1m. The million was split between Preston, Lincoln and York.”
Altogether, Luminar employs 2,000 people and operates 53 nightclubs nationwide,
Luminar’s chief executive Peter Marks said yesterday: “The strategy we adopted on acquisition continues to deliver.”