Boutique bowling group Lane7 has highlighted a “healthy pipeline” of planned openings as it posts a 30% jump in turnover.
The North East competitive socialising leader opened its first bowling alley in Newcastle in 2013 in St James’ Boulevard and it since expanded across the 海角视频 with 13 other sites in cities including, Liverpool, Bristol, Edinburgh, Manchester and Sheffield.
This summer has seen huge expansion on home turf for the Darlington company, with the opening of a further two sites in Newcastle, in the former Lofts and Hustle bar and nightclub at The Gate, as well as ML7, a subterranean gaming zone in the lower ground floor of the Monument Mall.
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Now, as the company prepared for more openings, Lane7 Ltd has published accounts for the year ended October 2024, showing rising turnover on the back of its portfolio growth. Turnover rose 30% from £22.3m to £29.1m driven by new openings across the 海角视频, while operating profits dipped slightly from £5.4m to £5.03m.
Pre-tax profit dropped from £5.3m to £4.7m. Overall profit was £2.8m, down from £4.2m. It said three sites launched following the year end, in Milton Keynes and two sites in Dublin, Ireland, alongside the two openings in Newcastle.
Meanwhile, it said: “In addition, a larger debt facility was completed with Barclays Bank in June 2025 giving the group further access to funding should it be required to continue to support further expansion opportunities.”
A report within the accounts signed off by directors says: “We strive to make every one of our sites a compelling and fun experience for all our repeat and new customers alike, where our experience and competitive offering, combined with an innovative approach to product design and content sets us apart from our competitors.
“With a proven track record since we launched our very first site in 2013, we continue to successfully launch new and exciting entertainment venues including bowling, gaming, food and beverage.
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“This financial year has been about consolidation and building the foundations for the next phase of growth. We have expanded our executive team, further strengthened our senior management team, developed our strategy around the new site expansion pipeline and continued to improve our commercial operations to drive organic growth.
“The director continues to have an optimistic view for the future based on a healthy pipeline for opening new sites across the 海角视频 and further afield across Western Europe.
“We believe in strong customer engagement, working closely with our various teams to continuously develop and improve the overall customer experience from the point of booking onwards.
“As part of this process, significant investment was made into the IT infrastructure including the upgrading of the website, booking systems and EPOS environment.
“We continue to invest in the training of our staff alongside adding additional resources in strategic positions within the business. This coupled with the support of our loyal supply chain and strong balance sheet ensures we are best placed to deliver the level of planned business expansion.”