Hollywood Bowl has posted a 7.2% increase in group revenue to a record £230.4m in its latest full-year results.

This included a 3.8% rise in UK revenue to £199.7m, for the period covering the year to 30 September.

Hollywood Bowl is the largest ten-pin bowling operator in the UK as well as in Canada, where the group also posted a significant 42.2% rise in revenue to reach £30.7m.

The group has added four new centres to its estate over the last 12 months, including three new centres in Dundee, Colchester, and Westwood Cross, as well as the acquisition of Lincoln Bowl. Hollywood Bowl also completed seven refurbishments over the year.

“We are pleased with our full-year performance, both financially and operationally,” the company’s CEO, Stephen Burns, said.

“We have delivered further profitable growth, demonstrating the success of our proven, customer-led strategy. We have continued to grow our estate in the UK and Canada and drive strong returns through the ongoing investment in our centres.

“We remain confident in the long-term opportunity for future profitable growth across both the UK and Canada. Our strong cash position means we are well placed to continue to invest in our growth, increasing the size and quality of our estate and looking to continually enhance the customer experience.”

Investment director at AJ Bell, Russ Mould, added that Hollywood Bowl’s investment into new sites had made them “attractive places for people to frequent”, which has also made the company an “appealing tenant from the point of view of landlords”.

“The company striking record revenue feels like a significant moment and, in a sign of how profitable this growth is, it also expects earnings to be a smidge above analysts’ expectations,” Mould said.

“Hollywood Bowl isn’t standing still, with plenty of investment in its existing estate in Canada and the UK as well as the roll-out of further sites, underpinned by a strong balance sheet and ongoing cash generation.”

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