Nightclub operator Luminar records 50% rise in profits

Nightclub operator Luminar records 50% rise in profits

Nightclub operator Luminar records 50% rise in profits

First published in News

THE UK’s largest nightclub operator, the Luminar Group – which runs prominent Bournemouth club Cameo – has announced a 50 per cent rise in profits.

The rise comes less than three years after the firm was sold after going into administration.

The company employs 2,000 people and runs 53 clubs across the country. It made a pre-tax profit of £3.4million.

Cameo – previously called Lava and Ignite – is estimated to be worth £1million a year to the local economy.

The firm’s regional director for the Ged Gorrie 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.”

Comments (2)

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10:33am Thu 22 May 14

Bournefre says...

This will annoy a lot of people who have never been there but want it shut down on principle.
This will annoy a lot of people who have never been there but want it shut down on principle. Bournefre
  • Score: -3

4:23pm Thu 22 May 14

BoscVegas says...

we're out of the recession and back on the booze. happy days.
we're out of the recession and back on the booze. happy days. BoscVegas
  • Score: 0

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