Antic London, a pub group based in England’s capital, has received a CBILS funding package from ThinCats, a finance provider to mid-sized SMEs.
Founded in 1999, Antic finds alternative and unusual properties in recently rejuvenated and well-situated areas, before turning them into “landmark locals” for the surrounding communities.
The investment will reportedly be utilised to cover capex, property acquisition, and working capital costs at the group.
Anthony Thomas, founder of Antic, acknowledged that ThinCats has been “enormously supportive,” sharing the pub collective’s view that there is light at the end of the tunnel.
He said: “We shall see the sunny uplands of the hospitable endeavour that our communities so desperately miss, and with it, we may all enjoy our very own roaring 20’s.”
Dave Sherrington, regional head of sales for London at ThinCats, said: “2020 brought many challenges to the hospitality sector, and Antic, like many others, has had to be nimble and reactive in order to withstand the changing restrictions.
“The business flourished despite the restrictions imposed in the summer and the Antic teams have matched the remarkable level of resilience and adaptation shown by many; we can’t wait to see them deliver once more as the current restrictions ease.”