0370 270 6000

Santander UK provides funding to award winning pub group Oakman Inns & Restaurants during COVID 19

11 September 2020

Oakman Inns & Restaurants pub group has secured additional finance from Santander UK as part of the Coronavirus Business Interruption Loan scheme (CBILS) to help the business through the current COVID 19 pandemic.

Oakman opened its first establishment in Tring in 2007 and has since grown to 25 pubs across the West Midlands and South East. The business, which is renowned for its commitment to learning and development, is listed in The Sunday Times 100 Best Companies to Work For. The business was also named Sustainable Pub Operator of the Year at this year’s Casual Dining Awards.

Steven Kenee, Chief Investment Officer for Oakman Inns & Restaurants, said:

”While the enforced closure was incredibly tough for all our team, we are delighted to have secured the funding from Santander which, when combined with the ongoing support from our shareholders, the recent government initiatives and an excellent start to trade has put the business in a very strong position from which to both weather any future shocks and, importantly, to continue to grow.

“I would like to thank both Paul Ray at Browne Jacobson and Paul O’Reilly at Santander for their collaborative approach during the closure period.”

Paul O’Reilly, Portfolio Management at Santander UK, commented:

“The hospitality sector, more than most, has felt the damaging economic effects of COVID 19. We are delighted to support Oakman Inns & Restaurants with this much needed cash flow facility to ensure the business remains on a strong financial footing and can continue to grow.”

Paul Ray, head of banking at Browne Jacobson advised Santander. He added:

“Liquidity has been one of the biggest challenges facing businesses during these unprecedented times. We are delighted to have advised Santander and Oakman Inns & Restaurants on strengthening the business’ cashflow position – and crucially helping to protect 1000 - plus jobs. This funding, along with funds raised from the companies investor base and the raft of measures that the Chancellor has announced to help the hospitality sector through the pandemic, has helped Oakman protect its business and workforce and ensure that it is in the best possible position for the future.”

Focus on...


Covid-19 rent arrears – the questions that remain

The Government appears set to announce plans on ‘living with Covid to restore freedom’. With the success of the retail and hospitality sector key to recovery, what protections will be on offer to tenants to deal with Covid-19 rent arrears?


Press releases

Browne Jacobson advise Sephora on its acquisition of Feelunique

Browne Jacobson’s corporate finance lawyers have advised omnichannel prestige beauty retailer Sephora on its acquisition of Feelunique.


Published articles

What are the implications of the recent Tesco equal pay ruling?

All of the ‘big four’ supermarkets have seen equal pay claims submitted. The majority of these cases involve workers arguing that they have not been paid equally compared to distribution centres of the business.


Press releases

Wolverhampton based Slick Stitch secures major contract with high street retail giant

Slick Stitch, one of world's largest garment embellishment and personalisation fulfilment businesses is working with retail giant Marks & Spencer on its newly launched personalised product line.