The Oakman Group

TRG in advanced talks to acquire number of Oakman sites

Wagamama owner The Restaurant Group (TRG) is in advanced discussions with Oakman to acquire a certain chunk of its privately held assets, according to Sky News.  One of the insiders revealed to Sky that TRG, which is backed by private equity firm Apollo Global Management, was expected to acquire between…

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Oakman Group sees sales rise to £57.8m

Oakman Group Plc has reported a 6% rise in sales from £54.4m to £57.8m and EBITDA of £1.8m for the financial year ending 2 July 2023. The group also recorded a “strong” end to the first half of financial year 2023/24 with sales over the Christmas trading period showing growth…

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Oakman Group profits fall despite jump in sales

Oakman Inns and Restaurants has reported that its EBITDA dropped from £12.0m to £9.8m for the last financial year (June 2023) as its profits were impacted by inflation. However, its group sales were 8% ahead of the prior year at just under £70m. In addition, like-for-like sales for the core…

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The Oakman Group appoints new CFO

The Oakman Group has announced the appointment of Tarquin Williams as chief financial officer. Williams was formerly CFO of The City Pub Group where he managed CPG’s listing on the AIM market through an IPO and helped guide the company through the pandemic. Before that, he was a Fullers Inns…

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Oakman hails ‘record’ sales in FY22

The Oakman Group Plc has revealed its total sales surged 79% to £65.1m for the financial year ending 3 July 2022 (FY22), reportedly outperforming the Coffer CGA tracker of industry sales. Like-for-like sales are up 51.2% from FY21 and up 19.9% from pre-Covid levels in FY20, while total sales have…

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Oakman sets out expansion plans amid positive trading

The Oakman Group has announced it has plans to increase the size of its estate by 25% after securing what it believes is its “strongest ever pipeline of new sites”. As part of the announcement the group also revealed a trading update for the 31 weeks ending 6 February, where…

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Oakman plans further sites amid sales boost

The Oakman Group has unveiled details of further expansion plans, with plans to open 70 sites by June 2026, having welcomed a period of sales growth in its latest trading update.  The pub group delivered sales of just over £26m in the 21 weeks ended 5 December, having reported a…

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Oakman Group swings to £13.9m loss in FY20

The Oakman Group announced that it operated over a total loss of £13.9m for the year ended 30 June 2020 in a preliminary statement of the group’s annual accounts. The pub group also saw an EBITDA loss for the period of £2.6m as its “performance in the year was severely…

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Oakman Group reveals ‘encouraging’ reopening performance

The Oakman Group has said it is “encouraged” by its first week trading figures after average sales across the Oakman Inn brand were in excess of £40k net last week.  In the first week that pubs were allowed to reopen for outdoor services, the Oakman Group has seen its total…

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Oakman Group expands portfolio by six

The Oakman Group has announced the acquisition of six pubs from the administrators of Seafood Pub Company, expanding its portfolio by 20%. The deal sees Joycelyn Neve, founder and former managing director (MD) at Seafood, join the Oakman Group as MD of the newly formed Seafood Pub northern division. Some…

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