Managed pub chain, Heartstone Inns has secured a new £8m refinancing agreement with HSBC, £5m of which will be earmarked for pub acquisitions and the continued development of the current portfolio.
Founded in December 2006 by James Birch, Heartstone Inns currently owns and operates 11 freehold pubs in the south and south west of England. The company reported sales of £6.5m last year.
In March, Heartstone Inns was identified as one of London Stock Exchange’s 1000
Companies to Inspire Britain. The report celebrates the UK’s fastest-growing
and most dynamic small and medium sized businesses.