Longshot Country Inns secure £5.3m loan

Claire Dodd

Claire Dodd

05 May 2017

Home counties based pub operator, Longshot Country Inns has secured £5.3m funding to expand its accommodation offer from 47 to 61 rooms.

The company operates a seven-strong restaurant and rooms group, all under the Bel & The Dragon brand, with sites in Cookham, Churt, Godalming, Kingsclere, Odiham, Reading and Windsor.

The first four sites were opened in 2010, with the additional sites purchased between 2014 and 2016.

The loan from OakNorth will also see it refinance its current debt facilities.

'Whether joining us for lunch, tea, dinner, or even spending the night, we aim to make our guests feel at home, so are delighted to have secured this loan which will enable us to accommodate even more visitors,' Joel Cadbury, CEO and co-founder of Longshot, said.

'Joel Cadbury and Ollie Vigors are born entrepreneurs with an exciting and diverse track-record of starting, scaling and exiting numerous successful and unique businesses,' Deepesh Thakrar, debt finance director at OakNorth Bank, added.

'Along with Hector Ross, COO of Longshot Country Inns, they have built an incredibly strong portfolio and we look forward to working with the team on more deals in the future.'

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