The Pub People Company plans to more than double portfolio

A Midlands-based independent pub company has revealed ambitious plans for expansion following new investment.

Derbyshire-headquartered the Pub People Company is aiming to acquire up to 60 freehold venues across the East Midlands, Lincolnshire and Yorkshire.

The move is being financed by investment manager Downing, which has committed to the group's expansion after acquiring the business last year.

Commercial property agent FHP has been appointed to source suitable properties to add to the group's estate and is exploring opportunities with both independent pub owners and groups.

Formed in 1993, the Pub People Company has a portfolio of 40 managed pubs based in and around Nottingham, Derby, Chesterfield, Sheffield, and Lincoln.

Andy Crawford, managing director of the Pub People Company said: "The pub sector continues to have its challenges but with a long-established business, strong backing and well invested properties in the area, we're keen to add to our estate."

Doug Tweedie, director at FHP, said: "This is an exciting time of expansion for the Pub People Company and we're delighted to be helping them to find new freehold pub sites.

"We've formed a strong team between the two parties, which means we are able to appraise and make decisions on new acquisitions quickly and efficiently."

Photo (pictured left to right): Oliver Marshall, FHP; Ellis Cullen, FHP; Andy Crawford and Dave McKie of the Pub People Company; and Doug Tweedie of FHP