Patisserie Holdings, the Birmingham-based company behind well-known dining chains Philpotts and Druckers, has reported a 27 per cent increase in revenue in its first set of annual results after floating.

In the full year to October 2014, the company posted turnover of £76.6 million, up from £60.1 million, while pre-tax profit climbed from £8.2 million to £10.4 million.

Patisserie Holdings also owns café chain Patisserie Valerie, which was founded in London in 1926, and runs a small London-based deli chain called Baker & Spice and bakery site Flour Power City Bakery, also in the capital.

It continued its programme of new store openings with 19 during 2013/14, the same as in the previous year, and acquired Philpotts in March.

The group also launched its first motorway service station and retail park shops and its inaugural site in Wales with a further 20 targeted for 2015.

Trading in shares on AIM commenced in May and the placing valued the business at £170 million.

Executive chairman Luke Johnson, who previously led the flotation of Pizza Express, said today: "I am pleased to report another excellent performance for Patisserie Holdings in what has been a pivotal year in the development of the group.

"The management team has delivered the eighth consecutive year of organic growth, acquired the Philpotts business and in May successfully listed the company.

"Each of our five differentiated brands continues to grow and, with the group's strong cash generation funding our future organic growth, we are looking forward to another exciting year in 2015."