Giggling Squid, the fast-growing chain of Thai restaurants, has doubled its growth target, with the company now forecasting that it has the potential to grow to 150 sites in the UK.
The 13-strong group, which has secured a further new site in Warwick, had previously stated that it was on course to have a nationwide estate of 50-70 UK restaurants within five to seven years.
The new forecast comes as the group looks to hire a near complete head office team over the next six months.
The company is believed to be on track to secure new funding next month, with the Business Growth Fund and Kings Park Capital amongst those to have shown a strong interest in investing in the chain.
The group, which has opened in Guildford and Billericay this month, has secured the former High Pavement site on the town’s High Street
It expects to open its Esher branch at the end of October. Building works will now begin on another recent acquisition in Berkhamsted, whilst the company has submitted a planning application for alterations to its listed premises in Bury St Edmunds.
The company, which has carried out its expansion plans up to this point, with a single office-based employee, is negotiating to let office accommodation in Horsham for its now headquarters, with space for around 16 staff.
The group, which has previously outsourced most of its administrative functions, is looking to recruit a financial director and finance team, another area manager, executive and development chefs plus posts in human resources, training and marketing, over the next six months.
