Signature Living toasts record profit with surge of 250% in a year

lawrence kenwrightLIVERPOOL hotel developer and operator The Signature Living Group has announced record profits of £5.6m in the year to 1 April 2016.

The figure is up from £1.6m in the previous year – representing asurge of 250

Founded by Lawrence and Katie Kenwright in 2008, the group owns four hotels in Liverpool, including the Titanic-themed 30 James Street and The Shankly.

Recent years have seen rapid expansion, with the firm branching out into residential development as well as new hotels in Belfast, Cardiff and Preston.

In Northern Ireland, the Signature Living Group has purchased the city’s famous Crumlin Road Courthouse and plans to turn it into a new hotel and tourist attraction. In Belfast city centre, the Scottish Mutual Building will become a luxury hotel.

Most recently, Signature Living unveiled the first phase of its new 200-bedroom Exchange Hotel in Cardiff Bay. The historic Coal Exchange building, where the world’s first £1m cheque was signed, has been saved from rot and ruin, with 40 bedrooms currently open for bookings.

Chairman Lawrence Kenwright (pictured) said: “This is a phenomenal set of results, with all of our hotels, restaurants and bars making a strong contribution.

“Signature Living has experienced remarkable growth, and our investors, stakeholders and hard-working employees are delighted with the results.

“Over the next 12 months, our focus is firmly on the expansion of our hotel portfolio. We will seek every opportunity to increase profitable turnover even further than our projected £20m.” @copy NewspaperTimes - All rights reserved