Profits rise at Buzzworks as it continues to invest in growth

Kenny Alison Colin Blair Buzzworks

Profits at Scottish hospitality group Buzzworks Holdings have risen by 9.2% as it seeks to expand across Scotland.

The company, which operates bars and restaurants including the House and Lido concepts, has reported that pre-tax profits rose from £635,626 in 2016 to £694,248 in the year to April 2017.

Over the period, turnover rose by 15.6% from £12.8million to £14.8million after it opened the Corner House in Kilwinning in North Ayrshire and made a significant investment in its established restaurants including a £500,000 refurbishment of the flagship Scotts in Troon.

The annual results also identified a 13% increase in employee numbers, rising from 387 in 2016 to 438 in 2017, with Buzzworks continuing to invest in its people through its in-house training academy.

With its commitment to developing staff, Buzzworks featured in the Sunday Times 100 Best Companies to Work for in the UK for the second time, propelling itself from 64th place in 2016 to 40th place in 2017.

For entrepreneurs Kenny, Alison and Colin Blair (pictured), 2018 will see more investment in its people and its premises as they remain “confident and optimistic about their business model”.

They will continue to establish the newest venue in the portfolio, The Coach House in Bridge of Weir – the company’s first outside of Ayrshire – after it opened last summer.

Buzzworks will also continue its expansion with the arrival of Scotts at Port Edgar Marina at South Queensferry, on the Firth of Forth north-west of Edinburgh, which is anticipated to open this summer. The team are also on the lookout for new venues across Scotland.

Director Kenny Blair said: “It is fantastic to reflect on such a strong financial year where we have invested in a host of new projects and seen the extensive refurbishment of our flagship venue – Scotts in Troon.

“Last year was an exciting time for Buzzworks Holdings and as a company we achieved some healthy results. However, we are constantly looking forward and our focus is now on how to make 2018 even more of a success as we expand into the east coast and beyond.

“We move forward with cautious optimism as the sector continues to face challenges relating to increased supplier and staff costs however we have managed this well.

“We will continue to invest heavily in our people and bring them along on this exciting journey, whilst making sure our customers continue to enjoy world class hospitality at each of our venues.

“We believe this commitment to excellence and investment in the team and the portfolio have been instrumental in our success to date.”

Buzzworks Holdings has 10 venues including Elliots, Scotts in Troon and Largs, Lido venues in Prestwick and Troon, The Tree House in Ayr, The Long House in Kilmarnock, The Mill House in Stewarton, The Corner House in Kilwinning and The Coach House in Bridge of Weir.

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