Restaurant operator Clapham House has said full-year trading is on track and that it plans to raise around £4.65m with a share placing to fund a rapid roll-out of its Gourmet Burger Kitchen (GBK) and Bombay Bicycle Club (BBC) brands.
The company, which reported particularly promising results from both the GBK and BBC chains, said it plans to accelerate the expansion of the brands with the building of a further five GBK branches and one BBC outlet across the UK.
"In total, six locations are being built, contracts have been exchanged on a further eight sites and we are in advanced legal negotiations on an additional five sites," Clapham House said.
"As a result of this strong property pipeline, we expect the opening programme for next year to be loaded towards the first half."
Clapham House also owns restaurant chains the Real Greek and Tootsies, which it took over in April last year for more than £25m.
David Page and Paul Campbell, both ex-PizzaExpress directors, founded Clapham House Group in late 2003 to buy up small restaurant businesses to develop nationally.
by Kerstin Kuhn
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