Loungers has drawn up a shortlist of advisors as it pushes ahead with plans for a £250m-plus stock market listing, according to reports.
The Times claims that the Nick Collins-led group is talking to Numis, Peel Hunt, Berenberg and Liberum – to handle a potential IPO.
MCA reported at the end of last month that the Lion Capital-backed group had reignited talk of a float as it continues to trade ahead of the market.
At the time, the group reported a 6% increase in like-for-like sales for the year to 22 April, with revenue growth of 31.9% to £121.1m, as talk of a potential IPO for the business resurfaces.
Adjusted EBITDA increase 31.4% to £16.7m during the year, with pre-tax profit climbing from £3.2m to £5.6m.
The group, which currently operates 137 sites nationwide - comprising 115 Lounges and 22 Cosy Clubs - said it had continued to trade well throughout the summer months and thereafter.
It said that trading across both brands, in both mature sites and new openings, continued to be strong with like-for-like sales growth in line with the 6% achieved in the prior year.
Loungers, which was founded by Alex Reilley, Jake Bishop and Dave Reid, opened its first Lounge in 2002 in Bristol. In 2012 it attracted £16m of funding from Piper, the private equity firm, and two years ago Lion acquired a stake of just over 60 per cent in a deal valuing the company at £137m.
