Laine Pub Company, the Brighton and London-based pub operator, has appointed advisors as it assesses future funding options, MCA has learnt.
Chief executive Gavin George confirmed to MCA that the 55-strong group was working with BDO to assess the best way of funding “the next chapter in our exciting journey”.
The group has been backed by Luke Johnson’s Risk Capital and Graphite Capital since a secondary management buyout in July 2014, at which point the group changed its name from InnBrighton to Laine Pub Company.
George told MCA: “We have appointed BDO and they are working with us and our current investors to look at our strategic objectives.
“We have been encouraged by the approaches we have had in recent times, which give a good indication of the strength of the business and its potential to grow further.
“This is about looking to the next chapter in our exciting journey.”
The group has already undergone a transformative year after boosting its London estate to 19, with the acquisition of six sites from New Pub Company and a further two from the Flynn family. It has also launched the first sites under its Managed Investment joint venture with Ei Group.
In the group’s most recently published financial results – to 30 June 2016 turnover grew more than 10% to £30.4m and operating EBITDA was up over 23% to £3.9m.
