JW Lees, the Manchester-based brewer and pub operator, has said that it is targeting sales of £100m within five years.

The group told the Manchester Evening News that its turnover for the year to March 31 rose to £59m from £51m the year before, while pre-tax profits grew from £2.9m to £5m.

Managing director William Lees-Jones said: “Over the next year, we want to do a lot more exporting and also buy more pubs using our local knowledge. Our goal now is all about how do we get from £59m to £100m over the next five years and if we can do it in three years, great.”

Earlier this Lees-Jones told M&C Report that the group was looking to grow to 200 pubs and was able to secure a further £10m in growth funding from the bank.

He said: “Because we’re making good profits it means the bank is willing to lend us more money, so we’re looking to accelerate growth. We’re sitting on £20m and can get another £10m from the bank. And to me that money means pubs - new-builds, conversions and, especially, buying pubs in places where we’re not well known.”

Lees-Jones added: “We have 164 pubs now and we want to get to 200. Twenty years ago we had 172. But this time they’ll be very high quality pubs. There are opportunities to buy off the larger pubcos pubs that we’ll spend £400,000 to £500,000 doing up.”