Peach Pub Company has acquired its 20th pub and relaunched two others.

The group purchased Boulters Lock, a Berkshire-based pub which sits above a lock on the River Thames for £350,000, and plans to redevelop it later this year.

Peach said weekly net turnover had risen from £20k to an average of £30k net a week since it had taken over the venue.

“We have brought another stunning pub into the Peach portfolio, taking it over smoothly with many of the existing, established team joining the Peach family,” said Peach managing director Hamish Stoddart.

“We are looking forward to investing a further half a million pounds or more to achieve our dream of making Boulters Lock into a £2-3m turnover pub.”

In February of this year, Peach added The Bear & Ragged Staff in the village of Cumnor, Oxfordshire, to its portfolio and spent £320k on refurbishing the site.

The pubco also spent £340k revamping Brookmans in Brookmans Park, Hertfordshire, to give the pub a more contemporary look.

“After a busy and successful first quarter, we are all set for more of the same,” Stoddart added.