The results showed a loss of £4m, despite a 28% rise in growth for their 2016 financial year.
A spokesperson for Harry Ramsden's parent company Boparan Ventures (BVL) said, “BVL, which operates restaurant chains Harry Ramsden and FishWorks, reports an increase in turnover and gross profit for the year to 1 January 2017. During the year a number of new Harry Ramsden's sites were opened successfully and we continue to look for new locations for both Harry’s and Fishworks. During the year a number of unprofitable sites were closed resulting in an impairment charge of £1,547,794.
Good progress is being made as BVL continues to develop the strong heritage of its brands, its strong relationship with franchise partners including Welcome Break and considers new opportunities for UK and international expansion.”
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