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Pub group Antic London secures seven-figure CBILS package London-based pub operator Antic has secured a ‘seven-figure’ CBILS funding package through alternative SME lender ThinCats. The funding package will help the group cover capex, property acquisition and working capital, according to ThinCats. “2020 brought many challenges to the hospitality sector, and Antic, like many others, has had to be nimble and reactive in order to withstand the changing restrictions,” says Dave Sherrington, regional head of sales, London at ThinCats. “The business flourished despite the restrictions imposed in the summer and the Antic teams have matched the remarkable level of resilience and adaptation shown by many; we can’t wait to see them deliver once more as the current restrictions ease.” ....
Punch purchases seven-pub package from Heartstone Inns As reported by The MA in January, the operator of about 1,250 pubs across England, Scotland and Wales, completed the acquisition of seven pubs from Heartstone Inns. Established in 2007, Heartstone Inns will continue to operate its remaining eight pubs following the sale of seven sites in the south-west to Punch. “We are pleased to welcome these seven wonderful pubs into the Punch family and look forward to working together with our new publicans and their teams,” Punch chief executive officer Clive Chesser said. “We would like to thank Heartstone Inns, who have been working closely with us to ensure a smooth transition for everyone. We have plans to invest in all seven pubs during 2020, providing them with industry-leading support to allow them to flourish, while ensuring they continue to operate at the very heart of their local communities. We will provide further updates as these plan ....