We are delighted to have provided over £11m in funding to ETM Group Limited, London’s leading sports and roof-top bar operation. This funding has enabled the Group to refinance the entirety of its bank loans as well as providing suitable working capital headroom to underpin further organic growth.
ETM, founded in 2000, has transformed from a group of smart city gastro pubs, into a collection of eclectic venues across London. The business has grown to 12 sites; including aspirational rooftop bar Aviary, high energy premium sports pubs such as Greenwood and Redwood, as well as heritage food-led pubs and restaurants such as The Jugged Hare and The Botanist Sloane Square.
Despite a challenging period for the sector, the Group has navigated its way through successive lockdowns, with solid trading largely down to the experience of the management team and the strength of their brands. They are now in a great position to build on an already impressive portfolio.
For the year to 27 February 2022 the Group reported turnover of £21.6m (vs £6.8m in 2021) and a return to healthy EBITDA profitability.
We remain optimistic about growth for the sector and are grateful to Dave and the ThinCats team for their support and commitment. This funding ensures we can continue to offer lasting experiences for our customers in unique and exciting venues in beautiful settings across the capital.
Ed Martin, Co-Founder and Chief Executive, ETM Group
Dave Sherrington, Regional Head of Sales, ThinCats commented: “ETM has an incredible collection of venues, recognisable brands that have fantastic reputations in London. We also believe in the management team and their ability to thrive in uncertain times, which is why we have backed them. They are now in a fantastic position to navigate the many challenges currently facing the Hospitality industry and we look forward to supporting them on this journey”.