Beds and Bars named as Sunday Times Profit Track 100 ‘Ones to Watch’ 2019
08 Apr 2019
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.
For more information please contact email@example.com
About Beds and Bars
Beds and Bars achieved IIP Platinum status in 2016. Today, the ever-growing company under Keith Knowles operates 21 backpacker hostels, bars and pubs across Europe spanning 13 cities and 9 countries. St Christopher’s Inns, Belushi’s and The Flying Pig are just some of the well-known brands within the company. As a result, Beds & Bars has been in the Sunday Times Top 100 fastest growing companies in the UK. The company was born in Hammersmith in West London in 1964 by Keith’s father, where the family owned pubs in the area in the 60s.