London Union revenue up 40%

London Union revenue up 40%

London Union has reported a revenue increase of 40% from £9.1m to £12.8m in its latest financial report for the 52 weeks to 31 December 2017.

The company, which owns and runs the Street Feast markets, saw gross profit jump from £5.5m to £6.9m and operating EBITDA climb from £2.7m to £3.1m, but total operating profit fell to -£1.3m.

Total loss for the financial period came in at £1.5m.

During the year, London Union opened its first seven-day-a-week venue in Canary Wharf with Giant Robot. It has since opened a further site in Woolwich and another in Wood Green.

The Shoreditch, Canada Water and Lewisham markets saw like-for-like revenue increase 6% on the previous year.