Leading hostel and bar operator Beds and Bars, led by CEO Keith Knowles, has been featured in the Sunday Times BDO Profit Track 100 as ‘Ones to Watch 2019’
The accommodation operator is delighted with the recent news, being one of ten companies in the UK selected to feature in the listing.
Profit Track 100 ranks the top 100 most profitable privately owned businesses from around the UK selected across a diverse range of industries. Being featured as ‘Ones to Watch’ as a hospitality business is a fantastic achievement and shows that our hard work is being recognised within the industry.
It’s been a strong financial year FY19 for Beds and Bars with a 7.8% rise year on year. Turnover increased to £52.5M with EBITDA of £6M, 25% ahead of last year.
We have big plans in 2019 including opening two more hostels in Europe as well as continuing to invest in our current estate. We are also actively seeking out properties in other major European cities.
Sophie Herbert, Marketing Director at Beds and Bars, comments
“We are thrilled to be part of the Sunday Times’ 20th annual Profit Track 100. It’s great to have been recognised for our successes over the last 12 months and we are looking forward to another very exciting year ahead.”
The “Ones to Watch” Sunday Times BDO Profit Track 100 has been published in the Business section of the Sunday Times, on the Sunday Times tablet edition, and on its website.
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