Rosa's Thai secures funding from Barclays as it plots further expansion

11-May-2023 - Last updated on 11-May-2023 at 14:29 GMT

Rosa’s Thai has secured a new £10m bank facility from Barclays to help fund its ongoing openings pipeline.

The TriSpan-backed restaurant group, which is led by Gavin Adair, is plotting various new openings with locations in Reading, Oxford, Glasgow and Leamington Spa already confirmed.

“I’m delighted with the result of our recent refinance, undertaken during what is still a very challenging period for the sector,” says Tsara Taylor, finance director as Rosa’s Thai.

“It’s great to be able to look ahead with increased confidence for the future and I am very much looking forward to partnering with Barclays as we continue to grow the business.”

Neil Parry (Parry Advisory) and Alistair Lee (Argyll Debt Advisory) jointly advised on the process.

Rosa’s Thai started by Thai chef Saiphin Moore as a market stall on London’s Brick Lane in 2007.

A year later, Moore opened the first Rosa’s Thai restaurant in Spitalfields, just around the corner from the market stall.

The group, which recently made its south west debut in Exeter, now operates a total 33 restaurants across England and Wales including in Leeds, Manchester, Birmingham, Cardiff, York, Liverpool and Nottingham.

It also has a single overseas location in Dubai, which opened in October last year.