All Oakman Inns articles
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NewsOakman Group faced ‘substantial pressure’ from debt load
The premium pub operator made a loss of £18.1m in the year ended 30 June 2024, with like-for-like sales down 2.8%, prior to entering into administration last month
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Analysis & InsightFrom pub sector darling to dismantlement – the story of Oakman’s unfolding
With an “inherently complex” funding structure, the pub and restaurant company founded by Peter Borg-Neal found itself with a limited ability to absorb trading shocks and generate sustainable profits
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InterviewsUpham Inns: ‘We have always aspired to grow the business’
The acquisition of 14 sites out of administration from Oakman doubles the size of the business overnight, but director Ian Dunstall is confident of a smooth integration process and is open to further opportunities
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NewsOakman enters administration with six closures
Following the sale of 13 sites to Upham Group, PwC has confirmed it has been appointed administrator of Oakman Inns & Restaurants Limited, with six trading sites closing with immediate effect
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NewsUpham Inns doubles estate with acquisition of 14 Oakman sites
The South of England pub operator has acquired 14 pubs from Oakman Inns, doubling its estate to 28 sites and expanding its footprint into the Midlands and Southeast
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NewsThe Restaurant Group acquires 10 pubs from Oakman
The Wagamama operator is committed to growing its Brunning & Price pubs business, with the Oakman pubs representing a significant strategic opportunity
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NewsThe Restaurant Group in talks to buy Oakman sites
The Wagamama owner is in advanced discussions to acquire some of Oakman’s pubs and integrate them into the Brunning & Price estate, Sky News reports
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NewsOakman founder steps away from business due to ill health
The group’s chief executive Peter Borg-Neal has stepped away from the business due to health reasons, with chairman John Leslie currently leading the business
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NewsMcMullen’s acquires third Oakman pub
McMullen’s has taken on The Anchor in Hulbridge, and expects to announce another London freehold acuisition by the end of the month
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NewsOakman ends strategic review process
Announcing the sale of two of its high value premium pubs to McMullen’s, Oakman Group said it will now focus on investing in its existing sites and paying down debt, CEO Peter Borg-Neal tells MCA
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OpinionThe outlook for hospitality M&A
The improvement in trading and financial performance over past months has increased the likelihood that we will see more M&A. Dominic Walsh explores the outlook for Oakman Group and Amber Taverns among others
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NewsOakman to demerge Seafood Pub Company
The ten-strong pub concept, which was acquired out of administration in 2021, will continue under the sole ownership and direction of former Oakman CEO Dermot King
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NewsOakman signs up for Batchwood Hall
The group will make a multimillion-pound investment in the hisoric hall in St Albans, and will operate it as a restaurant, bar and wedding venue, with luxury hotel rooms.
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NewsOakman to issue £10m loan note
The pub operator is looking to refinance £5m of third-party debt and develop new sites, such as Bush Hall in Old Hatfield, the Beech House in Epsom and Batchwood Hall in St Albans
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NewsJoycelyn Neve joins tech start-up as COO
The Seafood Pub Company founder will remain a director at the Oakman Group owned pub collection
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Analysis & InsightOakman: £10 pint can’t come soon enough
With inflation a recurring topic at MCA’s Pub Conference, Oakman CEO Peter Borg-Neal said the sector and the public needed to be realistic about the cost of doing business
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NewsOakman ‘not convinced’ about running smaller pubs
The group has paused growth of Seafood Pubs to focus on its core Oakman Inns brand, CEO Peter Borg-Neal told MCA’s Pub Conference
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InterviewsPeter Borg-Neal: ‘We will not sell for cheap’
The Oakman CEO has begun implementing an action plan to reduce central costs, build sales and improve profits, before considering exit options such as a trade sale or private equity when market conditions improve
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OpinionDominic Walsh: Reshuffling the pack
With the sector facing cost challenges from all sides, some operators are reorganising and reshaping their businesses to better position them for future growth, Dominic Walsh writes
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NewsOakman benefiting from Chef Academy
The group said it now has the necessary employee resources to continue its growth plans thanks to the development of its Academy, with a Level 2 course due to launch later this spring.