A NIGHTCLUB operator that runs Liquid & Envy in Portsmouth has seen an increase in profits.
The Luminar Group announced the rise which marks its third consecutive year of growth.
With a strong financial platform in place the company has decided to rebrand as The Deltic Group.
Chief executive officer Peter Marks said: ‘At the time of acquisition, the board’s focus was on stabilising The Luminar Group and developing a clear strategy for growth.
‘The company has now delivered its third year of growth, with its strategic focus on investing in its estate, people and entertainment to create great nights out for its customers, delivering strong results.’
As part of its strategy to widen its exposure in the late night bar sector, The Deltic Group plans to invest £3m in transforming former Chicago Leisure sites into its new concept, Bar & Beyond.