Fiduciam, the institutionally funded short-term lender to SMEs and entrepreneurs, has just completed a £1.18m loan to finance a popular hotel in Cornwall. The loan which falls under the Coronavirus Business Interruption Loan Scheme (CBILS), will enable the hotel to continue operating until the end of 2022. 2020 has been a year of contrasts at […]
Pubs lobby organisation the Forum of British Pubs has announced the formation of its new Member Trustee Board, drawing on extensive experience across the full sector. Chairman of the Member Trustees, and co-founder of the Forum, Dave Mountford said, “ I am delighted to announce such a highly experienced and diverse group, who can add […]
The Forum of British Pubs (FBP), the membership organisation dedicated to representing the interests of both tied and free of tied pubs in the UK, has welcomed the government’s report issued on 3 November covering the Statutory Review of the Pubs Code, and the Pub Code Adjudicator 2016 to 2019. During the period the FBP […]
Independent pub chain, Urban Village Pub Company, has received £1.2m to support working capital and refinance from leading alternative lender to mid-sized businesses, ThinCats. Urban Village was founded by Ian Grundy and Gavin Drew in 2017, now operating a group of pubs across the South East of England. The company vision incorporates blending the best […]
RSM has helped Camino, the Spanish tapas restaurant and bar group, to secure a rescue deal allow the business to continue serving customers from its 4 restaurants and 2 bars preserving 77 jobs. Camino Trading Limited, a newly incorporated company run by co-founders Nigel Foster and Richard Bigg, has agreed to acquire the business and […]
Forum of British Pubs founder and pubs campaigner, Dave Mountford, and his wife Lorraine have won a landmark victory in challenging, and appealing successfully, a more than doubling of their pub business rates following a substantial increase in turnover. Having taken over the Boat Inn at Cromford in 2012 they responded to a Valuation Office […]
RSM has advised on the successful restructuring of Iberica, the Spanish tapas restaurant and bar group owned and operated by Iberica Food & Culture Limited, preserving approximately 135 jobs in the process. The Iberica CVA (Company Voluntary Arrangement) was approved in late September, securing over 99% support from creditors, every landlord among them voting in […]
Buckinghamshire-based brewery Rebellion Beer Company is investing in a more sustainable future with support from Lloyds Bank. The 26-year-old brewery, located in Marlow, has received £210,000 funding as part of Lloyds Bank’s Clean Growth Finance Initiative (CGFI). The Initiative supports companies proactively seeking to reduce their carbon footprint. With the funding, Rebellion Beer has installed […]
Social Platform Licklist is widening its market with the rebrand of its b2b arm to Booked it ahead of a £1.75m funding round. Licklist was founded in 2015 with a focus on the nightlife industry, providing solutions for organising a night out. The platform has over 600,000 users, annual gross sales over £6m and 6000 […]
Peter Till, managing director of Choice Hotels UK & Western Europe and Ufi Ibrahim, the former CEO of the British Hospitality Association, today announced the launch of The Energy & Environment Alliance, a new coalition of hospitality businesses and investors, to transform the industry to become climate positive. Peter Till will be the chairman and […]
