Upmarket restaurant and bar operator Searcys is opening a restaurant with bar and private members club in Hoxton this October, Chris Maddison told M&C.

The group reported an increase in sales to £24.3m for the second half of 2014 since its acquisition by Westbury Street Holdings (WSH) and has subsequently seen particularly strong uplifts in London venues including 30 Euston Square, the Barbican and 10 - 11 Carlton House Terrace for H1 2015.

Maddison said: “Now we are part of the WSH family there is the opportunity to invest in both capital projects and our people to really accelerate our growth plans. We will be very careful the growth is sensibly managed so we can ensure we deliver the high quality and innovation our guests expect from us.”

So far this year Searcys has invested in its existing venues and will continue with significant capital investment already underway for its Searcys at St Pancras Grand and The Gherkin as well as 30 Pavilion Road in Knightsbridge.

Maddison said Selfridges in Birmingham, which was one of the key locations for growth in 2014, is of particular interest to the company. He said the company is looking to Birmingham for growth opportunities as the city continues to re-develop and undergo significant investment.

Since acquisition last summer, Searcys reported a 9% growth in sales between June and December 2014, which it attributes to its continued investment programme.

Significant contract wins for Searcys’ contract division include Kenwood House, law firm DLA Piper and the opening of the new Tonic & Remedy restaurant in Shoreditch, which contribute to an estimated £45m of new business wins.

The company has invested more than £2.5m in both existing and new locations, as well as installing new IT systems and funding a company-wide training programme.

Following the change in ownership, the company has appointed several new senior positions including operations director, head of marketing and head of HR, along with the new chairman - former deputy master of the Royal Household Edward Griffiths, who joined the group in February.