Legendary Mayfair nightspot Annabel’s saw its profits boosted by cost-cutting in 2015
Legendary Mayfair nightclub Annabel's has been boosted by improved profits after a year of cost-cutting.
The club, named after English socialite Annabel Goldsmith, recorded profits of £2.7m for the year to 27 December, up from £2.1m in 2014, despite revenue dipping from £8.4m to £8.1m.
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According to figures filed with Companies House, savings primarily came from exceptional costs, which dropped by more than £300,000, largely due to a dramatic reduction in marketing bills, which fell from £369,923 to £63,415.
Alongside reduced legal costs, this was enough to compensate for a £100,000 donation made to the Conservative Party in the run up to last year's election.