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The business behind drinking and dining destination Stack is toasting a record year as its bars and restaurants bounced back from the pandemic.

Newcastle based Danieli Group, which consists of leisure, care and security companies, has released consolidated figures for the year ended April 30 2022, which show sales reached 拢37m, a jump of 31% on the 拢28.2m it posted two years ago. Pandemic levels of Ebitda of 拢1.6m recorded in 2020 increased fourfold to top 拢6.6m and pre-tax profit was 拢3.8m.

The figures reflect a marked improvement in trading across its hospitality businesses 鈥� which includes Stack Seaburn, The Muddler, Yolo Ponteland and Yolo Townhouse in Newcastle. CEO Neill Winch said the leisure division performed particularly well along with security, but said it was a more challenging year in the care sector.

He said: 鈥淚t was a fantastic year with record sales, Ebitda and net profit, with a net assets recovery ahead of pre-pandemic levels. The year to April 2021 was a challenging one, however our recovery and conversion has been pretty spectacular to say the least and is very comforting. I must stress, however, that this would not have been achieved without the hard work and dedication of all of the employees who work for the group, they are an amazing bunch of people.鈥�

A breakdown of turnover shows that turnover rose slightly within its care division, Northridge Healthcare, from 拢834,000 to 拢915,000, but earnings dropped from 拢151,000 to 拢22,000. A report within the accounts outlined how the pandemic impacted the business, saying 鈥渋t has become increasingly difficult to attract staff and the costs of attracting experienced staff have significantly increased鈥�. The large rise in utility costs have also affected the company and it anticipates that this will continue for some period of time.

Since the year end the group has restructured both its debt and its corporate make-up and, amid the current economic turmoil, the directors said they are cautiously optimistic about future trading. Following the end of the financial year, Mr Winch has unveiled a number of developments within the group鈥檚 leisure division, which will expansion for its Stack and The Muddler brands.

Its popular Newcastle pan Asian restaurant The Muddler has doubled in size since opening in Newcastle鈥檚 Grey Street and is now set to open a second site in Middlesbrough.

And while its shipping container leisure hub Stack may have been dismantled in Newcastle to make way for the construction of new HMRC offices, the brand is opening new sites in Carlisle, Lincoln, Durham and Bishop Auckland. It will also relaunch in Newcastle city centre within the Pilgrim Street redevelopment project, spearheaded by the billionaire Reuben Brothers.

This week the firm released CGI images of its forthcoming Stack destination in Lincoln. The Lincoln scheme is based at what was initially St Marks Church before becoming a railway station and more recently, St Marks Shopping Centre. Work has started on the strip out of the existing unit 鈥� with the plan for the 2,000-capacity venue to be completed by the end of the summer 2023.

Mr Winch added: 鈥淲e know from experience how much Stack appeals to people of all ages and we look forward to replicating the success we have had at other sites in Lincoln.鈥�