The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

BGF cash injection of £10m to accelerate Coaching Inn Group's growth

05 December 2016 by

The Coaching Inn Group has secured a further £10m investment from the Business Growth Fund (BGF) to support a £50m expansion across the UK.

Based in Boston, Lincolnshire, the company currently operates 12 coaching inns and intends to use the capital to grow to 25 properties by 2019.

The last cash injection follows an initial investment of £4.5m from BGF in March 2015, which helped the Coaching Inn Group acquire an additional six properties. A further three acquisitions are due to be completed in the next few weeks.

Kevin Charity, the company's founder and chief executive, said that the company had almost hit its original target of doubling in size within in five years, in less than two years.

"This latest investment from BGF is testament to the strength of our business model and we've now set even more ambitious growth targets," he explained.

"The investment from BGF means that we are on track to achieve our growth plan without financial distractions or cash flow restrictions.

"We now have a tried and tested formula and ultimately our goal is to acquire the right properties in the best locations, and sensitively restore them in line with the character of their local surroundings."

talbot-inn-oundle 500
talbot-inn-oundle 500

Located in historic venues, including the Talbot Inn (pictured) in Oundle, Northamptonshire, the Coaching Inn Group incorporates the Eatery & Coffee House casual dining brand.

In its latest financial results for the first six months of the year, the company doubled EBITDA and grew turnover by 33% to £8.4m. Like-for-like sales increased by 5.8%.

At the weekend, the Coaching Inn Group was named as one of The Sunday Times Virgin Fast Track 100 Ones To Watch businesses.

Coaching Inn Group doubles EBITDA in six months >>

Coaching Inns Group acquires Hungerford hotel >>

Coaching Inn Group acquires Golden Lion in Cambridgeshire for £2m >>

Latest video from The Caterer

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

Save

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking