300 jobs to be created by 5m pubs deal

By LBV

23 Nov 2011

This will support the company’s aim to open 30 pubs to add to the 70 it already has. 300 jobs will be created in the move.

The funding comes in the form of a £4m revolving credit facility (RCF) from Lloyds Bank Corporate Markets Merseyside plus £1m in loan notes from LGV Capital (LGV), the company’s majority shareholders.

The news comes on the back of winning the prestigious Morning Advertiser 250 Award for the pub company with the “Most Impressive Profit Growth” from amongst its industry peers. This endorses the success of Amber’s strategy of acquiring unloved wet led pubs and breathing new life into them through significant investment and its innovative Operator Agreement.

The success of this strategy has gained additional recognition through the company’s inclusion in the Sunday Times Fast track 100 Awards for growth in sales in both 2010 and 2011 and being shortlisted for 2012.

Clive Preston, chairman of Amber Taverns, said: “It’s been an exciting five years during which we have demonstrated time after time that good wet led pubs are a sound investment and provide a valuable local amenity.”

Left to right: Tim Rigg (Lloyds) James Baer (Amber) Clive Preston (Amber) Ashley Suter (Lloyds).

Enjoyed this? Read more from LBV

Latest news

1

Breck to deliver £150m of affordable homes over four years Breck Development In Progress

Breck to deliver £150m of affordable homes over four years

18 Jul 2024

2

Business board launches to support county's economic growth Lancashire Business Board

Business board launches to support county's economic growth

18 Jul 2024

3

GoDaddy chief returns to Lancaster to collect honorary degree Aman Bhutani

GoDaddy chief returns to Lancaster to collect honorary degree

19 Jul 2024

4

Miller Homes supports Coppul school's Zambia Project Letter-writer Abi.JPG.jpg

Miller Homes supports Coppul school's Zambia Project

19 Jul 2024

5

Colne gears up to host major British cycling event The Fort Vale Colne Grand Prix will welcome some of the best riders in the country to the town. Photo credit JJR Video Productions.jpg.jpg

Colne gears up to host major British cycling event

19 Jul 2024

Bec Web Strip 980x120
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Built Environment Conference
BEC 315 X 315 Px
Networking
25 Sep 2024

Lancashire Built Environment Conference

Conference and Exhibition Centre, Winter Gardens Blackpool, FY1 1HL

08:30 - 13:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Business Networking in Fylde, Blackpool
Blackpool Fylde Image.jpg.jpg
LBV Hub Networking
19 Jul 2024

Business Networking in Fylde, Blackpool

Village Hotel Blackpool, Blackpool, FY3 8LL

07:30 - 09:30

What are Menopause Action Plans & How to Write One
Menopause Action Plan 2024.png.png
LBV Hub Webinar
19 Jul 2024

What are Menopause Action Plans & How to Write One

~ Online ~, ~ Online ~, ~ Online ~

12:30 - 13:00

Skills Bootcamp in Procurement - Cohort 1
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Seminars
30 Jul 2024 - 08 Oct 2024

Skills Bootcamp in Procurement - Cohort 1

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

Preston Freelancer MeetUp and Coworking Day
Screenshot 2024-06-13 at 13.55.10.png.png
LBV Hub Networking
30 Jul 2024

Preston Freelancer MeetUp and Coworking Day

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
31 Jul 2024

Chamber Breakfast Networking

Pye Motors, Morecambe, LA3 3PF

08:00 - 10:00

Scaling your revenue: From zero to £1m in 60 months
CBP-logo LBV.png.png
LBV Hub Webinar
31 Jul 2024

Scaling your revenue: From zero to £1m in 60 months

Online, Online, Online

08:00 - 09:30

Online Women's Health Clinic
clinic.png.png
LBV Hub Webinar
06 Aug 2024

Online Women's Health Clinic

x, Online, x

12:00 - 12:00

International Coworking Day Open Day
1.png.png
LBV Hub Social
09 Aug 2024 - 09 Aug 2024

International Coworking Day Open Day

Society1 Coworking Space, Prestin, PR1 3 LT

10:00 - 13:00

Knowledge & Networking: Basic Digital Marketing
Chamber Logo1.png.png
LBV Hub Seminars
12 Aug 2024

Knowledge & Networking: Basic Digital Marketing

Lancaster Golf Club, Lancaster, LA2 0AJ

14:00 - 13:00

Understanding Menopause
menopause.png.png
LBV Hub Webinar
15 Aug 2024

Understanding Menopause

x, Online, x

12:30 - 13:15

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin