RedCat Hospitality has revealed that its like-for-like sales rose 2% in the year ended 30 March 2025, a year which CEO Richard Lewis has branded “transformational”.
In the period, the company saw its adjusted EBITDA rise 290% to £8.8m, up from £2.2m, and its site EBITDA rise 42% to £18.7m, up from £13.2m.
As a result the company has confirmed that it has commenced an £8m capital investment programme.
Looking forward, RedCat has stated that it is looking to place its focus on pubs with rooms and carvery pubs.
It believes that carvery pubs represent a huge investment opportunity for the company, proven by the success of a recent £0.6m investment in the Castle Carvery Clocktower in Norwich.
Like-for-like sales for the first quarter increased 6.7% to £32.7m and the accommodation side of the business also continued to perform very strongly, with room sales up 8% on a like-for-like basis.
Lewis said: “This was a transformational year for RedCat. The team has worked through a huge amount of change. What has emerged is a stronger, leaner and more coherent business, which is performing well, is in good growth and has lots of exciting opportunities ahead.
“We have delivered a significant rise in site EBITDA which in part reflects the very strong performance of The Coaching Inn Group, demonstrating the continued demand for good quality rooms coupled with excellent customer service. This part of the business remains very much the jewel in our crown with plenty of potential for the future as a proven format for growth.”
He added: “During this period, RedCat Independent Pubs executed a strategic disposal of several non-core sites, reinvesting proceeds into a targeted investment programme that is already driving material growth. A flagship example is the £3m refurbishment of the iconic Castle of Brecon Hotel in South Wales, which has delivered a 94% sales uplift in the first quarter since reopening.
“Further investments across sites in Leicestershire, Nottinghamshire and Staffordshire are also performing strongly, with these pubs collectively delivering 20.3% like-for-like sales growth in Q1 of the current financial year, supporting RedCat Independent Pubs’ overall 6.2% like-for-like uplift.”
