Giggling Restaurants, the operator of the Giggling Squid Thai restaurant chain, expects to open three new sites this year after agreeing a new banking facility.
The chain, which is led by Andy Laurillard, will open its sixth site at the end of April on the former Puccinos café in Reigate High Street and is believed to have agreed heads of terms on a further two units.
It said that it had bank funding in place to fund its expansion plans, after extending its bank facility with HSBC to just under £1m in total. Read more
The group said that business was “buoyant” at present.
Last year, the company announced plans to extend its operation to 50 sites over the next five years.
It plans to expand the business north round the M25 and west along the M4.
