The Seafood Pub Company founded on the Fylde coast has secured a deal with a private equity firm to fund expansion.
The award-winning gastro pub company founded by Poulton’s Jocelyn Neve has allowed Penta Capital, which has invested in the likes of Geronimo Inns, La Tasca to acquire a majority stake.
Jocelyn’s father Chris Neve worked at Fleetwood in the fishing industry for many years and uses his expertise in sourcing ingredients for the pub business..
Founded in 2010, the Seafood Pub Company started trading in 2011 and has a portfolio of eight individual food pubs in the North West, including the Farmers Arms at Great Eccleston.
Jocelyn, who was 25 when the firm began, targets fresh, ingredients and sources the best of British produce with an emphasis on produce from the sea. The company said it aims to more than double its pub portfolio and expand to 20 sites over the next three to five years.
The acquisition strategy will continue to focus in the North of England through a combination of freehold and leasehold sites spreading into Cheshire, the Lake District and North Yorkshire.
Jocelyn (pictured) said: “We are delighted to partner with Penta Capital which has a proven track record of backing a number of other successful pub and leisure retail businesses. The team at Penta totally buy into our strategy and their support and expertise will be invaluable as we take the business to the next level.
“We have exciting expansion plans and this partnership will enable us to realise those and further accelerate our growth.”
Torquil MacNaughton, managing partner of Penta Capital, said: “Joycelyn is a talented, young entrepreneur and we look forward to working together with her to continue to build the business.”