Bowmark Capital-backed Drake & Morgan reports 28% EBITDA rise

The Group opened Drake and Morgan at Kings Cross, its ninth site and largest to date, on schedule in September, while The Refinery at Regents Place venue, which opened in March, is performing ahead of plan.

A strong pipeline of new sites is in place in London and other UK locations and finance director James Sherrington says the group “has a strong balance sheet and the financial and operational capacity to accelerate its expansion over the next year”. Bowmark backed the management buy-out of Drake & Morgan in 2013.