Restaurant and hotel operator James’ Places secures funding from Barclays for ambitious growth plans

Bowland Inns and Hotels Limited, t/a James’ Places, transferred all of its banking operations to Barclays, which provided £26million. facility to refinance existing debt and provide significant additional headroom to support future growth and acquisition plans.

The group owns and operates an eclectic collection of historic buildings in the Ribble Valley, Moon Valley and Yorkshire Dales, with a portfolio of 8 sites including boutique hotels, exclusive wedding venues, gastro pubs and restaurants.

Holmes Mill, a multi-award winning converted textile factory, is home to the group’s Bowland Brewery, Beer Hall and Food Hall, in addition to a 39-room hotel and Everyman Cinema.

Register to our daily Burnley Express Today newsletter

Mitton Hall, James’ Places, near Whalley

Turnover for FY21/22 will exceed £23m. and the group’s employees will be more than 450 by the end of the year. The new financial package will allow James’ Places to pursue an ambitious strategy of expansion and acquisition in the North West in the years to come with a trusted banking partner.

James Warburton, Managing Director of James’ Places, said: “We are absolutely delighted to begin a new banking relationship with Barclays. We’ve been talking about the move for a number of years and it’s a great testament to Rob and his team that we finally got the deal done despite everything the COVID-19 pandemic threw at us.

“We can now look forward to building a bigger and better business. We have a strong foundation, we have a great operations team, and we now have a great banking partner.”

Read more

Read more

Holmes Mill is unveiled

Rob Morland, Barclays Relationship Manager, arranged the financing for the deal and lifted their day-to-day banking to Barclays and said; “I have been in discussion with James and the management team for several years and during this period I have been impressed by the exceptional quality of the Group’s offer and its resilience in the face of the COVID pandemic.

“The strength of the management team means that James’ Places has emerged stronger from the recent challenges facing the entire industry and I look forward to a long and fruitful partnership, which will help bring their future growth plans.”

About Francis Harris

Check Also

Robots come to life at the National Restaurant Association Show and beyond |

There was a wide range of next-generation technologies on display at this year’s National Restaurant …