Castle View boosted by weight control foray
Castle View Ventures, the sports-to-leisure-management business, has boosted its annual pre-tax profits to £5.58 million from £3.47m, helped by two months trading from its acquisition of the London-based Weight Management Centre.
The group, based at Bridge of Allan near Stirling, said it planned to build on the acquisition to grow further in the obesity-linked sector.
Martin Bell, Castle View’s managing director, unveiled a rise in turnover to £120.2m in the year to end-March from £110.5m a year earlier. He said: “Our acquisition of Weight Management Centre, which works with local authorities in England to tackle the obesity epidemic facing the country, provides us with a perfect opportunity to link the individual weight loss programmes it undertakes with the leisure and sports facilities we manage.”
Castle View’s Supply Direct food supply subsidiary, which helps councils control costs through online menu planning, had a “challenging” year.