Nightcap
Coverage focuses on the growth, brand strategy, and operational performance of a prominent UK late-night hospitality group, including acquisitions, trading updates, new concept development, and site expansion activity. Reporting offers insights for bar operators, investors, and F&B leaders tracking consumer demand for nightlife, cocktails, and experiential venues across key urban markets.
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May- 2024 -22 MayPubs and Bars
Nightcap launches fundraising to fuel expansion plans
Nightcap has started a proposed fundraising of up to £3.5m before expenses via the issue of up to 70 million new ordinary shares of 1p each in the company at a price of 5p per new ordinary shares. The news comes as Nightcap boss Sarah Willingham intends to position the…
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3 MayPubs and Bars
Nightcap quells Revolution Bars acquisition rumours
Nightcap has released a response to speculation that it is planning to acquire Revolution Bars Group, following its documented struggles with debt. Early in April, Revolution Bars suspended trading of its shares on AIM after it failed to publish its yearly fiscal results. Rob Pitcher, the CEO of Revolution Bars,…
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Mar- 2024 -18 MarchPubs and Bars
Nightcap revenues rise 42.1% to £33.4m in H1
Nightcap has reported that revenues grew 42.1% to £33.4m in the interim 26-week period ended 31 December 2023. The bar group has attributed its performance to the acquisition of Dirty Martini, the successful collaboration with The Piano Works over the Christmas period, and the maturing of sites opened in the…
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Feb- 2024 -20 FebruaryBusiness
Nightcap acquires The Piano Works for £200k
Nightcap has announced the acquisition of The Piano Works, the live entertainment concept currently operating at Nightcap’s Barrio Covent Garden venue and in Farringdon, London, for £200k. The Piano Works acquisition was completed following a pre-pack administration process by TDC Concepts Limited (TDCC). The Piano Works, which was launched in…
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Jan- 2024 -12 JanuaryPubs and Bars
Nightcap revenues jump 65.7% amid bumper Christmas trading
Nightcap has revealed that group revenues jumped to £7.4m during the four-week period ended 31 December 2023, spelling a 65.7% rise compared with the same period last year. As a result, Nightcap’s revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since…
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Nov- 2023 -10 NovemberPubs and Bars
Piano Works to leave West End for Covent Garden
Live music bar Piano Works has announced that it is moving to Covent Garden this month. It is re-opening within a Nightcap venue at the Gillian Lynne Theatre on the corner of Drury Lane. This comes after the company applied to Westminster Council to increase its licensed capacity at its…
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Jun- 2023 -30 JuneRestaurants
Nightcap grants share options to staff
Nightcap has announced that it has granted a total of 1,160,000 share options to a number of the group’s employees, which have been granted on the same terms as all other share options. All of these shares have been granted with an exercise price of 11.00 pence, which represents the…
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12 JuneNews
Nightcap acquires Dirty Martini for £4.65m
Late night bar operator Nightcap has announced the acquisition of Dirty Martini cocktail bar chain and its restaurant Tuttons in Covent Garden for £4.65m. Dirty Martini experienced tough trading conditions over the last year, in line with the hospitality industry in general, including the negative consequences of train strikes, the…
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Mar- 2023 -13 MarchPubs and Bars
Nightcap revenues hit £23.5m in half-year results
Nightcap has revealed that its revenues grew 48.7% to £23.5m during its half-year ended 1 January 2023, as like-for-like revenues increased 4.7% for the second quarter of FY23 against the same period last year. Despite significant rail strikes being held across the UK, the group managed to increase its adjusted…
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Jan- 2023 -11 JanuaryPubs and Bars
Nightcap hails ‘record’ Q2 results despite rail strikes
Nightcap has welcomed “record” trading in its latest quarter, with revenues up by 60.9% to £12.9m and like-for-like sales up by 4.7%, despite rail strikes impacting hospitality over the period. Group revenue for the month of December 2022 was £5.9m, a 71.8% increase compared to the £3.4m reported in December…
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