Pub operator Antic London has secured a “seven-figure” CBILS funding package through alternative SME lender ThinCats.

The business, founded by Anthony Thomas operates more than 30 pubs, predominantly in south east London.

The funding package will help cover capex, property acquisition and working capital, said ThinCats.

Dave Sherrington, regional head of sales, London, ThinCats, said: “2020 brought many challenges to the hospitality sector, and Antic, like many others, has had to be nimble and reactive in order to withstand the changing restrictions.

“The business flourished despite the restrictions imposed in the summer and the Antic teams have matched the remarkable level of resilience and adaptation shown by many; we can’t wait to see them deliver once more as the current restrictions ease.”

Thomas said ThinCats shared Antic’s view “that out of the current gloom, we shall see the sunny uplands of the hospitable endeavour that our communities so desperately miss, and with it, we may all enjoy our very own roaring 20s”.

In November 2020, Portobello Brewing took over the management of 13 freehold Antic Pubs, which were backed by Downing. According Antic, they were served notice by Downing 36 hours before the lockdown in November.

Antic is looking to reopen 17 of its pubs that have outside spaces, from 12 April.

Established in 1999, Antic traditionally identifies areas being rejuvenated, with architecturally interesting and well-positioned sites, to open pubs for the local communities.

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