Richard Harpham of XP Factory: The size of the market still available to us is really significant

Richard Harpham, CEO of XP Factory discusses their trading update, which showed turnover increase by 131% to £18.8m, double digit like-for-like sales growth delivered across both owner-operated brands & record pre-bookings for corporate sales. Richard also commented that not only do these pre-bookings provide confidence in the expectations for full year but the size of the market still available to them is really significant.

H1 2023 Highlights:

- Group turnover of £18.8m up 131% (H1 2022: £8.1m)

- Double digit like-for-like sales growth delivered across both owner-operated brands:

Boom: up 19% in the 26 weeks to 2 July 2023

Escape Hunt: up 20% in the 26 weeks to 2 July 2023

- Owner operated site level EBITDA1 of c.£3.8m up 245% (H1 2022: £1.1m)

- Continued high ratings from customer reviews

- Record pre-bookings for corporate sales provides confidence underpinning expectations for full year

- £3.6m cash as at 30 June 2023 (31 Dec 2022: £3.2m)

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