Barkby Group expands pub portfolio
The Eliot Arms in South Cerney has undergone a comprehensive refurbishment to offer a destination pub with seven rooms available.
Barkby Group executive chairman Charles Dickson said: "The Eliot Arms’ location in the Gloucestershire countryside is highly complementary to our existing portfolio of premium pubs.
High-class experience
“The Eliot Arms will offer a high-class food and beverage and accommodation experience, and I very much welcome the site into the Barkby Group."
Additionally, the pub marks the group’s second acquisition for this year, following the procurement of the Coach and Horses pub at Chiselhampton, with Barkby’s portfolio now tallying nine premises in the Cotswolds region, including the Bull Hotel in Fairford and the Harcourt Arms in Stanton Harcourt.
This comes as the group reported a rise in revenue of 122% in its latest FY results ending 2 July 2022 with its pub division having increased to £6m compared with £2.7m the previous year.
Hugely positive
Overall, group revenues were expected to increase by circa 29% to £19.4m, with EBITDA returning £1.6m for the year. It is expected that the continuing core business will report revenue of £10.4m and EBITDA of £2.5m for FY22.
Regarding the increase in revenue, Dickson said: “We are determined to focus on scaling our existing and established real estate business, with a particular focus on ESG-compliant roadside developments in the form of drive-thrus, trade counter, last mile logistics, convenience food and light industrial commercial buildings.
“We will therefore be exiting our non-core assets and businesses over the coming months.
“The performance of the group since the lifting of all Covid-19-related restrictions in February 2022 has been hugely positive and we look forward to the next financial year with confidence.”
