A restaurant chain founded by two Blackburn brothers, which opened its first site in Manchester's Spinningfields district in 2015, has hailed a number of Government policies which helped it get through the height of the Covid-19 pandemic.
Greater Manchester-headquartered Tattu was founded by brothers Adam and Drew Jones and also has sites in Leeds, Birmingham and Edinburgh, offering contemporary cuisine inspired by traditional Chinese flavours and ingredients, curated by executive chef Andrew Lassetter.
In newly-filed documents for its financial year to December 27, 2020, the company said "reduction in the VAT rate on food and non-alcoholic beverage sales plus the Eat Out To Help Out scheme helped to mitigate the impact" of the Covid-19 restrictions imposed on the hospitality industry.
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The business also used the furlough scheme, secured additional grants and business rates relief from the Government as well as a £1m CBILS loan.
The accounts, filed with Companies House, also show the firm's turnover fell from £13.8m to £8.1m in the year while its pre-tax profits went from £1.7m to £4,112.
A statement signed off by the board said: "The reduction in turnover was a result of the closure of the restaurants for six months due to national lockdowns arising from the worldwide Covid-19 pandemic.
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"Trading outside of the lockdowns was strong. Sales in January and February 2020 were over 3% higher on a like for like basis compared to 2019.
"Sales post reopening from August 2020 until the lockdown in November 2020 were 5% lower on a like for like basis compared to 2019.
"This was a good performance given the severe social distancing restrictions and curfews that were in place.
"The reduction in the VAT rate on food and non-alcoholic beverage sales plus the Eat Out To Help Out scheme helped to mitigate the impact of the restrictions."
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The accounts come after the company revealed plans for a new restaurant to launch in London's West End next year.
The company's fifth site will be located in the Denmark Street building which forms part of the wider Outernet London scheme and open in early 2022.
The project will feature a 2,000 capacity music venue, a gallery, broadcasting and media facilities, a hotel, bars and restaurants.