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Investors tuck into BigDish as it unveils plans for nationwide UK rollout

The firm also announced plans for its restaurant yield management platform to go live in Brighton and Reading on 7 June

Restaurant diners
The company plans to split the UK into ten territories and recruit managers for each to increase its pace of expansion

BigDish PLC (LON:DISH) shares bounced on Thursday after it announced plans to roll out its yield management platform for restaurants across the entire UK.

The London-listed firm said that to ensure a smooth rollout it had divided the UK into ten territories and would begin recruiting managers for each, a process that would take around three to four months.

READ: BigDish continues restaurants platform roll-out to more UK locations including into London commuter towns

Following the recruitment drive, BigDish said it expected its platform to go live in new locations at a more rapid pace, adding that it would also be developing a new search functionality to provide better user experience.

The group’s platform is also due to go live in Brighton and Reading on 7 June, with the number of available restaurants expected to increase “significantly” following these launches.

To coincide with its Brighton launch, the firm was also planning a partnership with a UK tech platform and would provide more details in early June.

Going forward, BigDish said it would continue to target independent restaurants and smaller chains in order to provide consumers with a wide selection of cuisines, but added that it also expected to sign up restaurant and pub groups in the second half of this year.

The company currently has over 150 restaurants on its platform, most of which are independent eateries.

Sanj Naha, chief executive of BigDish, said the group was “ready to push the button” on its nationwide rollout after successful launches in its first two territories and in towns including Exeter and Basingstoke.

He added that the company was entering its “biggest growth phase yet” and as such the firm expected to generate a high level of newsflow going forward.

“Recent restaurant chain closures in the UK show BigDish is in the right place at the right time with the right product."

In late morning, the shares were up 23.1% at 6.5p.

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Quick facts: BigDish PLC

Price: 2.45 GBX

Market: LSE
Market Cap: £8.55 m

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