Prezzo looks for bigger slice of pizza trade as profits jump 14pc

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PREZZO was founded by Jonathan Kaye and his uncle, Phillip Kaye. It opened its first restaurant in November 2000, initially under the brand Jonathans.

The company, which competes with the likes of Pizza Express and Strada, floated as a chain of four restaurants on the Alternative Investment Market in March 2002 via a placing of 3.25m ordinary shares at 50p per share, raising £1.5m.

It returned to investors to raise £2.5m in June 2002, £5.8m in June 2003 and £9.3m in June 2004.

In June 2005, each ordinary share was subdivided into four ordinary shares and a further £7.5m fund-raising was completed in February 2006.