Old Orleans turns round a loss into profit
Old Orleans turned around a loss to generate pre-tax profits of £779,000 in the 34 weeks to 24 September 2011, a fortnight after owner Intertain sold the eight-strong chain to Mitchells & Butlers (M&B).
The sites were held in a company called Intertain (Dining), which has not traded since 11 September last year, the day after it was bought by M&B.
The accounts of Intertain (Dining) show that the pre-tax profit of £779,000 in the 34 weeks compares to a loss of £5.2m in the previous reporting period, the 67 weeks to 29 January 2011.
Turnover in the 34 weeks was £8.1m, against £20.3m in the previous period.
The accounts state: “Intertain (Dining) has not traded since 11 September 2011 and the directors do not have any plans for the company to commence trading again in the future.”
The eight Old Orleans sites snapped up by M&B have been converted into its own brands.
