AMT Coffee reports 5.3% rise in LFL

29 October, 2013

Transport coffeeshop operator AMT Coffee has reported a 5.3% rise in like-for-like (LFLs) sales.

The transport hub coffee provider, owned by the McCallum-Toppin family, has reported the increase in the year to 24 December 2012.

Underlying profit was reported as £2.1m, down from £2.7m in 2011.

According to the company's financial statement taken from Companies House, during the period, AMT Coffee refocused on its UK outlets, having closed several in Ireland and Belgium for redevelopment.

These closures saw turnover for the year fall from £23m to £22.8m, as well as a reported fall of £1.1m in income from the brand’s international operations, offsetting a £1.05m increase in the UK.

In the Directors' Report, the company said: "The customer focused company has continued to see opportunities to invest in high quality yet viable sites in order to grow profitability. These investment opportunities are appraised against strict return on investment and payback benchmark criteria.

"The group has branches operating in Ireland and Belgium. During a recent review, although some stations have been temporarily closed (due to redevelopment), the Directors concluded that performance can be improved further, whilst the company continues to provide the best coffee in the UK."

Founded in 1992 and principally trading from railway stations, AMT Coffee said in the report that it “aims to make the best cup of coffee in the UK”. The company also sells pastry products from its kiosks and outlets.





My Account

Spotlight

Most read

Social