Scottish pubco looks to expand with £20m plan

By Emily Hawkins contact

- Last updated on GMT

Capitalising on growth: pubco Bruce Group hopes to fund a site expansion across Scotland (image: Silk Tork, Wikimedia)
Capitalising on growth: pubco Bruce Group hopes to fund a site expansion across Scotland (image: Silk Tork, Wikimedia)

Related tags: Scotland

The Bruce Group wants to raise £20m to fund a site expansion across the country.

The company, which owns both managed and tenanted sites, has issued a bond to fund growth.

It currently operates 19 pubs in the Edinburgh and Fife areas, with venues that focus on drink sales including the Royal Mile Tavern, George IV Bar, and Scott’s Bar.

The group said it was seeking to expand after experiencing “considerable growth” in recent years.

Co-founder Kevan Fullerton said the company planned to expand across the capital and into Glasgow.

He explained: "We think that our model, extended across Edinburgh and into Glasgow and the central belt, will produce a profitable pub group which, although centrally owned and operated, retains the individual identity and character of each pub.”

Fullerton founded the group in 1999 alongside Scott Piatkowski.

Whistle Binkies, owned by the Bruce Group. (image: Brian McNeil, Wikimedia)
Whistle Binkies, owned by the Bruce Group. (image: Brian McNeil, Wikimedia)

He continued: “We believe that the pub market currently offers excellent potential for growth and profitability and we have the scale, expertise and knowledge of the market to expand substantially in a relatively short timescale.

“We are not creating a chain, we are building a group of individual pubs that, nonetheless, benefit from experienced management, strong financial backing, and the cost savings that a large group can command.”

  • Interested in running a pub? You can find out more about pubs for sale, lease and tenancy on the MA’s​ property site​.

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