BGF injects £10m into The Coaching Inn

The investment forms part of a wider £50m nation-wide expansion plan for the business.

The fresh capital will enable the company to acquire new sites, with the group aiming to increase its number of inns from 12 to 25 by March 2019.

When BGF first invested in The Coaching Inn, it operated a total of six properties and said it intended to double that number within four years. The business has completed this growth plan more than two years ahead of schedule and is now looking to double its number of inns again, within that original four-year timeframe.

Previous funding
BGF invested £4.5m in The Coaching Inn (at the time known as Bulldog Hotel Group) in March 2015.

Company
Founded in 1996 and headquartered in Boston, Lincolnshire, The Coaching Inn acquires and restores inns before operating them as hotels. The business generated a turnover of £13m in the year ending March 2016, according to publicly available records, up from £10m at the time of BGF's initial investment. It generated an operating profit of £469,000.

People
Business Growth Fund – Mark Freer, James Syrotiuk (investors).
The Coaching Inn Group – Kevin Charity (CEO).

Advisers
Equity – Browne Jacobson (legal).
Company – Irwin Mitchell (legal).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• BGF (Business Growth Fund)