Arc Inspirations announces record year and new MD

New managing director, Anni Opong
Industry
31/07/2017 - 07:00
Arc Inspirations has recorded its best financial year to date as the bar operator saw its total sales increase by 18% to £22.5 million.

The results come at the same time as the bar group announced a new managing director, with Anni Opong promoted to the role in her 14th year with the company.

As part of her new role, Opong will work with chief executive, Martin Wolstencroft, to orchestrate the company’s ‘next phase of growth’.

Wolstencroft said: “I’m delighted to have Anni in place as managing director – it’s a great promotion and natural progression for her and a testament to her passion and commitment to the hospitality industry.”

Arc Inspirations, which has 15 bars across the north of England, experienced EBITDA growth of 88% to £2.6 million this year, helped in part by the success of two recent openings.

The company opened two bars in Leeds in the spring- the Banyan Bar & Kitchen in April, and Manhatta bar in May, which recorded the most successful opening week for the company.

Wolstencroft added: “Now, with a strong leadership team, combined with our phenomenal financial results we can cement our position as one of the leading bar and restaurant operators in the north of England and kick-start our plans to open ten sites in the next three years.”

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