Gordon Ramsay Group secures £13m to aid expansion as sales rise

The Gordon Ramsay Group is to continue expanding thanks to securing a new £13m five-year banking facility with Barclays.

The company, which operates 31 restaurants worldwide, also reported a rise of 39.2% in EBITDA to £5.7m for the year to 31 August 2015.

Turnover rose by 12% to £50.3m compared with the previous 12 months, boosted by the opening of Heddon Street Kitchen and two Maze Grills in London.

In the period, the group's 14 UK restaurants saw sales grow by 12% to £46.8m, with like-for-like rise of 4.2%.