Franchise Brands revenues pass £20m

Macclesfield based Franchise Brands saw a 19% increase in revenues to just over £20m last year.

The firm, based on Tytherington Business Park, issued an interim report and said its Metro Rod’s “Vision 2023” strategy is delivering increasingly tangible benefits and there has been improvement in franchise recruitment at ChipsAway, Ovenclean and Barking Mad compared to the same period last year.

Stephen Hemsley, executive chairman, said: “Franchise Brands has delivered a strong performance in the first half of 2019 driven primarily by Metro Rod’s accelerating rate of growth.

“We have made significant progress with our strategy at Metro Rod and have begun to realise the benefits of our investment in infrastructure – in particular IT – that is starting to unlock sales growth, efficiencies and improved customer service, enhancing both corporate and franchisee profitability.

“All of our profitable, cash generative B2C brands have seen a substantial improvement in franchise recruitment compared to the challenging second half of last year and ChipsAway is increasingly well positioned for the rapid changes underway in the automotive sector in particular in relation to ADAS and the growth of electric and hybrid vehicles.”

“The outlook for the group therefore remains very positive, with the combination of accelerating organic growth and the potential for prudently financed, earnings-enhancing complementary acquisition opportunities giving us the confidence of delivering further significant growth in earnings and dividends in the current year and beyond.”

Franchise Brands plc was founded in September 2008 by Stephen Hemsley (Executive Chairman) and Nigel Wray (Non-executive Director) and is an international multi-brand franchisor with a combined network of over 450 franchisees in 12 countries across four brands.

Franchise Brands’ vision is to create a group of market-leading franchise businesses that benefit from sharing the same support services. This model allows the management of the individual brands to focus on expanding their networks, and supporting their franchisees to grow their businesses.

Currently the Group has four brands; Metro Rod, ChipsAway, Ovenclean and Barking Mad. Each of our brands are leaders in their respective markets and each brand has a long trading history. The combined trading history of all the Group’s brands is 97 years.