News > Business

Anglian Country Inns adds fifth pub to estate

By Emma Eversham , 31-Oct-2013
Last updated the 31-Oct-2013 at 18:11 GMT

Related topics: Business, Venues, Restaurants, Pubs & Bars

Anglian Country Inns (ACI), the pub and restaurant company led by James Nye, has taken on its fifth site, the Water Lounge in Bishops Stortford, Hertfordshire.

Anglian Country Inns will open its fifth pub and restaurant next year in Bishop Stortford

Anglian Country Inns will open its fifth pub and restaurant next year in Bishop Stortford

The new site - to be called Water Lane - will be refurbished before re-opening next spring with a 100-cover restaurant and separate cellar bar, created in a similar style to its sister site Hermitage Road Bar & Restaurant in Hitchin. 

Harry Kodagoda, director of food at ACI, said the venue would serve locally-sourced freshly-prepared food as seen at its other four sites, alongside a wide range of beers, 'well-chosen' wines and spirits. 

"We are really excited about this new venture in historic Bishops Stortford," he said. "The town has a great feel for us and the building in Water Lane has amazing original features and character to accommodate our exciting ideas. It will be well suited for our fresh food offer where we plan to incorporate lots of local produce and seafood from our fishermen friends in north Norfolk." 

Strategy

Nye said the company,which won Best Food Offer in this year's Publican Awards , had bought the site's freehold for just over £1m using a combination of internal cash flow and funding from Barclays. 

He said: "It has been a very enjoyable experience working closely with Barclays. Their support over the last two years has been central to the organic growth of ACI. The 2 per cent cash back initiative under their ‘Cashback for Business’ which Barclays made available through the Funding for Lending scheme, really helped to sweeten the deal." 

Jeremy Cook, relationship director at Barclays Luton and Hertfordshire, said: "The purchase of the new site in Bishops Stortford fits well with the Directors’ long term strategy of creating a portfolio of quality bars and restaurants with original features that quickly become popular with the public." 
 
Water Lane will join ACI's group of individually-run pubs The White Horse and The Jolly Sailors in Brancaster Staithe, Norfolk; The Fox in Willian, Hertfordshire and Hermitage Road Bar & Restaurant in Hitchin. The company also owns Brancaster Brewery, a five-barrel microbrewery. 

BigHighlights

Mark Poynton: Pearls of Wisdom

Mark Poynton: Pearls of Wisdom

The British chef-patron of the Michelin-starred Alimentum and star of Great British Menu Mark Poynton talks about...

Interview with Glendola Leisure's Alexander Salussolia
Small Talk

Alexander Salussolia on Silk & Grain, market niches and nurturing future talent

Managing director of Glendola Leisure Alexander Salussolia joined the company in 1992 as an area manager, before...

60-Second Skill: Using #foodporn to your advantage

60-Second Skill: Using #foodporn to your advantage

Customers posting pictures of your food on social media is a trend you can't escape, but by...

Gallery: the UK’s first experiential craft brewery Drygate Brewing Co.

Gallery: the UK’s first experiential craft brewery

New Glasgow venture Drygate Brewing Co. claims to be the UK’s first experiential craft brewery, offering a...

Hospitality Openings: June 2014

Hospitality Openings: June 2014

Our latest round of up of the hottest hospitality openings includes Heston Blumenthal’s Heathrow venture The Perfectionists’ Café,...

60-Second Skill: Pouring champagne

60-Second Skill: Pouring champagne

As demonstrated at the Moet UK Sommelier of the Year competition, champagne pouring requires skills and knowledge....

Find us on Facebook

Digital Edition - Restaurant Magazine

Access to the Restaurant Magazine digital edition