Urban Pubs and Bars aims to double estate as expansion continues
The IndependentGet the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bosses at Urban Pubs and Bars have said they hope to double the size of the London pub group amid continued strong demand from punters. The premium pub operator – which runs 42 venues – said it wanted to carry on the momentum from recent expansion, hailing a strong pipeline of potential new openings. Our performance and growth has been really good for the past two or three years so we are taking a lot of confidence from that and our good management team.” Earlier this year, the pub group – which is backed by investors Davidson Kempner and Global Mutual – announced earnings before interest, tax, depreciation and amortisation of £6.4 million for the year to April 30 2023. London is a competitive market but we will still focus on growth there because it’s a market we know, we are confident in Malc Heap, Urban Pubs and Bars This represented an 11% rise on the previous year.
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