The Chairman and Directors of Oakman Inns are delighted to announce continuing strong sales growth for the 13 weeks to June 30th 2019.
The Like-for-Like sales for the quarter were up 4.8%. Total sales were £10,775,947, which represents a 28.8% growth over the same period last year.
The Board of Oakman Inns & Restaurants, the fast-expanding pub group, is delighted to announce the appointment of prominent industry figure, Steven Kenee as Chief Investment Officer. He is currently a partner of Downing LLP which manages over £1 billion of UK company investment. Steve spearheaded over £156m of investments, predominantly into the pub industry, and will be joining Oakman full-time in September 2019.
Last month Oakman Inns sponsored one of their employees, Joseph Cox, to undertake a mammoth adventure known as Endeavour India. Part of the Endeavour Series, Endeavour India is a gruelling action-packed race covering all terrains through the Himalaya’s and raises funds for charity.
Pub group, Oakman Inns, has completed the acquisition of seven freehold public houses with combined EBITDA of £2.8m from funds managed by Downing LLP. The transaction was completed in three tranches with the purchase of two companies Downoak Ltd (The Akeman, Tring, The Akeman Inn, Kingswood; The Crown & Thistle, Abingdon) and Hedderwick Ltd (Banyers House, Royston; The Cherry Tree, Olney) as well as The Globe in Warwick, which was previously held in a partnership.
Last week, regulars and local business owners joined the team at The Beech House in Beaconsfield to celebrate its reopening, following a major building project over the last few months.
Following a substantial investment by its new owners, Oakman Inns, and several months closure, Prestwood’s village pub, The Polecat Inn, led by new General Manager, Damien Hughes, re-opened its doors for the busy Easter Weekend.
The Beech House in Beaconsfield opened in April 2013, and, so successful and popular has it become, that when the opportunity came to enlarge the premises, its owners, Oakman Inns, jumped at the chance.
After a substantial yet sympathetic redesign and refurbishment, the new team at Prestwood’s Polecat Inn, led by new General Manager, Damien Hughes, will be opening its doors once again to the public on Friday 12th April and is already taking bookings for Easter Bank Holiday family gatherings.
Oakman Inns’ very own family-friendly day out, Swanbourne Music Festival, returns for 2019 with headline artist The Zutons.