Fullers has secured a new £185m banking facility, which the company states will provide the necessary financial flexibility to pursue potential acquisitions.
The announcement comes after Fullers successfully acquired the White Swan in Twickenham, with the deal set to complete on 19 March 2025. Located along the River Thames in southwest London, the pub will become part of Fuller's managed pubs and hotels portfolio.
Fuller's has also launched a share buyback program to repurchase up to one million 'A' shares. The company stated that the current share price undervalues the business and does not accurately reflect the asset value of its freehold estate.
Chief executive Simon Emeny said: “With just two weeks to go, we have had a very strong year – and to cap it off with such an excellent new acquisition is the icing on the cake. The White Swan is a riverside gem in Twickenham, and we look forward to welcoming the team there into the Fuller’s family.
“We are confident of meeting market expectations for the full year and are taking appropriate actions to manage the impact of forthcoming market challenges. We remain confident and optimistic about the future for our business and will continue to allocate capital to drive long-term growth and returns for shareholders.”
The group is set to announce its full-year results on 11 June 2025.
