ETM Group secures £11m of funding

This funding has enabled the group to refinance the entirety of its bank loans as well as providing suitable working capital for further organic growth.

ETM, which was founded in 2000, operates 13 venues across London, including rooftop bar Aviary, premium sports pubs such as Greenwood and Redwood, as food-led pubs and restaurants such as The Jugged Hare and The Botanist Sloane Square. 

“We remain optimistic about growth for the sector and are grateful to Dave and the ThinCats team for their support and commitment,” says Ed Martin, co-founder and chief executive, ETM Group.

“This funding ensures we can continue to offer lasting experiences for our customers in unique and exciting venues in beautiful settings across the capital”.

Despite a challenging period for the sector, the group says it has seen ‘solid trading’ and is in a ‘great position to build on an already impressive portfolio’. 

For the year to 27 February 2022 it reported turnover of £21.6m, up from £6.8m in 2021, and a 'return to healthy EBITDA profitability'.

“ETM has an incredible collection of venues, recognisable brands that have fantastic reputations in London,” says Dave Sherrington, regional head of sales at ThinCats.

“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”.