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Capital Pub Company continues with acquisition strategy

12 July 2007 by
Capital Pub Company continues with acquisition strategy

Capital Pub Company, the portfolio of 23 London pubs that floated on London's Alternative Investment Market (AIM) last month, is to continue its acquisition strategy in a bid to expand.

The admission comes as Capital revealed it had seen turnover increase by 47% in the year ending 31 March, up from £9.66m to £14.2m but pre-tax profits increase marginally from £1.17m to £1.65m.

Over the past financial year the company has bought five free-hold pubs in west and south London, with another two bought after March.

Today it also appointed David Kenyon as finance director.

David Bruce, chief executive of Capital, said: "Our strategy remains to continue to build our business both by investing in our existing portfolio in order to further improve returns and by expanding through further acquisitions."

By Christopher Walton

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