New Inventive CEO Mark McQuater aims for further growth
The former chief executive of Barracuda who was named the new CEO of Inventive yesterday, replacing Roy Ellis who is stepping down after 22 years at the company, which has grown to c70 sites.
McQuater, who ran Barracuda from 2000 until 2012, told the Publican's Morning Advertiser's sister title M&C Report: "This business is capable of really becoming a significant scale operation and Roy has done a great job building it up to a £115m+ turnover business.
"What I’m going to be looking at is making sure it has the right systems and structures to grow going forward. It’s been opening new branches very successfully every year and we should be looking to potential acquisitions out there."
In the past couple of years Inventive has been rolling out its rum bar concept Revolucion De Cuba and a next-generation Revolution opened in York last month.
Asked if he’d look to roll out new strands to the operation, McQuater said: "I think that’s what we will be looking at."
Ellis will remain one of the largest individual shareholders of Inventive and will be a board director of the company, which was last year withdrawn from sale.
Ellis said: "It has been a pleasure and privilege to serve such a wonderful company for so many years. I look forward to welcoming our new CEO Mark McQuater and obviously wish him every success. I intend to support him and all the other great people who make up the Inventive Leisure family into a long and successful future."
