A 19th century Hampshire pub is expanding into holiday lettings to increase revenue with the support of a six-figure loan from Lloyds Bank. The Northbrook Arms, the only pub in the village of East Stratton, Winchester, was purchased from Lord Northbrook by Kate and Adam Shanley in 2019. With a background in holiday accommodation letting […]
Aigen im Ennstal. Specialist business property advisor, Christie & Co has secured a new owner for the renowned 5-star hotel Pichlarn castle in the Austrian Alps. Well-known hotelier, Georg Imlauer has acquired the hotel through his hotel group, IMLAUER Hotel & Restaurant GmbH. Following 13 years of ownership, the German Schörghuber Group castle hotel in […]
RSM has advised on the successful restructuring of In Paella Limited t/a Arros QD, sister company to the Iberica group of restaurants. Arros is a high-quality Mediterranean restaurant and bar, situated in the heart of Fitzrovia. The CVA (Company Voluntary Arrangement) was approved on 30 November, amid challenging trading conditions in the hospitality sector, achieving […]
Business advisory firm Quantuma has been appointed by Leon Restaurants Limited (Leon) to launch a Company Voluntary Arrangement (CVA). The naturally fast food restaurant chain was founded in 2004 with its first site on Carnaby Street, London. Since then, the chain has expanded to operate 75 sites globally both owned and franchised. The company-owned restaurants […]
Fiduciam, the institutionally funded short-term lender to SMEs and entrepreneurs, has just completed a £1.18m loan to finance a popular hotel in Cornwall. The loan which falls under the Coronavirus Business Interruption Loan Scheme (CBILS), will enable the hotel to continue operating until the end of 2022. 2020 has been a year of contrasts at […]
Pubs lobby organisation the Forum of British Pubs has announced the formation of its new Member Trustee Board, drawing on extensive experience across the full sector. Chairman of the Member Trustees, and co-founder of the Forum, Dave Mountford said, “ I am delighted to announce such a highly experienced and diverse group, who can add […]
The Forum of British Pubs (FBP), the membership organisation dedicated to representing the interests of both tied and free of tied pubs in the UK, has welcomed the government’s report issued on 3 November covering the Statutory Review of the Pubs Code, and the Pub Code Adjudicator 2016 to 2019. During the period the FBP […]
Independent pub chain, Urban Village Pub Company, has received £1.2m to support working capital and refinance from leading alternative lender to mid-sized businesses, ThinCats. Urban Village was founded by Ian Grundy and Gavin Drew in 2017, now operating a group of pubs across the South East of England. The company vision incorporates blending the best […]
RSM has helped Camino, the Spanish tapas restaurant and bar group, to secure a rescue deal allow the business to continue serving customers from its 4 restaurants and 2 bars preserving 77 jobs. Camino Trading Limited, a newly incorporated company run by co-founders Nigel Foster and Richard Bigg, has agreed to acquire the business and […]
Forum of British Pubs founder and pubs campaigner, Dave Mountford, and his wife Lorraine have won a landmark victory in challenging, and appealing successfully, a more than doubling of their pub business rates following a substantial increase in turnover. Having taken over the Boat Inn at Cromford in 2012 they responded to a Valuation Office […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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