CASTLE View, the Bridge of Allan-based leisure and food group, has lifted its profits after winning a string of contracts to run sports centres for local councils in England.
The firm’s Sports & Leisure Management (SLM) unit began operating sites for East Cambridgeshire, Daventry and St Albans district councils in the year to 31 March. Since its year-end, the group has signed deals with a further six local authorities.
SLM’s latest contracts means the number of outlets being run by the firm has risen from 78 to more than 100.
Accounts filed at Companies House show that Castle View Ventures (CVV) made a pre-tax profit of £2.5 million in the 14 months to 31 March after turning over £76.3m.
CVV bought Castle View International (CVI) – the previous holding company – on 29 June, 2012, as part of a family buyout by Martin Bell following the death of his father, Frank, who founded the business in 1964. The deal was backed by a £10m funding package from Barclays.
CVI had returned a profit of £2.3m on revenues of £87m in the previous 12 months.
Uin Foods, the group’s Cambuslang-based pizza maker, grew its gross profits by £889,000 to £3.2m, but Supply Direct – the group’s food supply and catering consultancy arm – reported a drop in turnover, which led to an operating loss of £127,000.