Christie + Co has been instructed to seek offers for British Country Inns plc on a share sale basis. The proposed sale will be by way of the disposal of the entire share capital of the Company, allotted, called up and fully paid.
British Country Inns (BCI) is one of four companies comprising a total of 27 pubs, which were formed between 2005 and 2007 using funds raised through the Enterprise Investment Scheme. The eight pubs in the BCI portfolio are all high quality food-led country inns which are primarily run on a managed house basis. Five of the pubs are located in East Anglia, whilst the others occupy sites in Buckinghamshire, Hampshire and Somerset.
The portfolio generates a net turnover in excess of £3 million, with food accounting for over 60% of total sales. Letting bedrooms are available at three of the sites, offering 26 en suite rooms in total, which attract wedding and private hire trade throughout the year.
Neil Morgan, Director & Head of Pubs & Restaurants at Christie + Co says: “The sale of British Country Inns represents a fantastic investment opportunity and we were delighted to receive the instruction to find a suitable purchaser for this well established company. The BCI estate features some delightful country inns that have benefited from considerable investment and maintained to a very high standard.”
BCI’s management team is lead by Peter Mathews and Tim Udell, who between them have vast operational experience in the pub industry and were behind English Country Inns plc, which was sold to Marstons in 2005.
British Country Inns is offered to the market for sale by means of a company share sale. Anyone wishing to register their interest in this opportunity should contact Christie + Co’s London Office on 0207 227 0700 and speak to Neil Morgan or Anthony Jenkins in the Corporate Pubs team.