British Country Inns I (BCI), the first of four companies launched via the Enterprise Investment Scheme (EIS) between 2005 and 2007, is to be placed on the market as a share sale. The eight-strong group, which comprises five pubs in East Anglia, and individual sites in Buckinghamshire, Hampshire and Somerset, is being marketed by property advisor Christie + Co Available as a package, the sites are currently run under management and it is thought that any sale will not affect the pubs’ staff. In its latest set of accounts, BCI I reported a turnover of £3,866,512 (compared to £4,001,132 the year before) and a house trading profit of £318,100 (compared to £284,600 the year before). Investors in BCI, which is a group of four companies, comprising a total of 27 pubs, were told yesterday after its annual general meeting that BCI 1 was to be placed on the market. Tim Udell, executive director at BCI, told M&C Report that the three other companies, BCI II, BCI III, and BCI 1V, would continue to operate as normal for the foreseeable future. BCI II currently comprises seven pubs, with BCI III and BCI IV holding six pubs each. The pubs are spread across the south of England from the West Midlands downward and south Wales. Over £30 million was raised by Smith & Williamson for BCI via the EIS between 2005 and 2007 to buy pubs with a view to creating a portfolio to sell on at a premium. The BCI concept is quality food-led country inns, with a management team led by Udell and Peter Mathews, who between them have many years of operational experience in the pub industry and were the management team behind the successful English Country Inns Group, which was sold to Marston’s in 2005. Food sales at BCI are currently around 60% of turnover.