Wear Inns secures £8m refinancing to fund expansion
The 26-strong company, founded by John Weir and John Sands (Chairman) (above), recorded turnover of £13m last year.
Simon Duckworth, finance director at Wear Inns, said: “We are embarking on a series of acquisitions across the North East and Yorkshire regions which will enhance our portfolio of customer-focused pubs.
"We have developed a strong relationship with NatWest and know we can depend on the bank’s ability to come up with pro-active and innovative funding solutions which meet our business needs.”
Liam Glennon, NatWest Director of Structured Finance North, said: “We were delighted to support Wear Inns on this latest funding arrangement which will accommodate the company’s growth plans.
"It’s an exciting time for Wear Inns and we wish them every success for the future.”
