Successful Equity Investment Round Drives Road Bike to Market
January 21, 2021
The owners of a leading North East boutique, hotel, bar and restaurant on the Northumberland coast are planning their next projects after concluding a seven-figure refinancing deal.
After completing an 18-month, £3m refurbishment and expansion programme at the Beadnell Towers Hotel and the Towers Kitchen, Bar and Terrace in the summer, the management team at Henson Leisure is looking to identify further North East locations in which to create new high-quality, one-off establishments.
Detailed plans are already being finalised for its next project, which is expected to open next year, and others are expected to follow thereafter.
Ayden De Beer, corporate finance executive at RMT Accountants & Business Advisors, worked with the Henson Leisure management team on the refinancing deal, which has been completed through Max Birkinshaw, Corporate Banking Manager at the Morpeth branch of Handelsbanken.
The Beadnell Towers Hotel features 18 individually-designed bedrooms and has already secured a place in the Sunday Times’ ‘Best Places To Stay’ top 100 British hotels list, while the Towers Kitchen, Bar and Terrace offers a modern British menu in a large open-plan eating space on the ground floor.
It was bought by business partners David Wilson and John Morse at the end of 2017, and reopened in June after being completely redesigned in keeping with the original features of the Grade II-listed building.
Around 30 people have so far been recruited to work at Beadnell Towers, mostly from in and around the village itself, while visitors have come from all over the UK and from as far afield as Norway, Germany and North America.
David Wilson, says: “We’ve had a fantastic response to the hotel and restaurant, both from the visitors that we’re attracting and from the local community, which has been crying out for this type of high-quality destination venue.
“There’s so much happening in Northumberland and across the North East at the moment, and we want to build on this momentum by establishing more venues across the region which match the quality and style that’s on offer in Beadnell.
“Each project will be a one-off development with its own character and style, and we’re now looking at a range of different potential locations around the North East that offer the right sort of environment for this type of venue.
“Plans for the first of these are now well-advanced, and we’re looking forward to further enhancing the region’s tourism offering by replicating the success we’re enjoying at Beadnell.
“RMT works with some of the best-known names in the regional hospitality industry and has done a first class job on leading the refinance from start to finish.”
Ayden De Beer at RMT Accountants adds: “Henson Leisure has created a fantastic venue in Beadnell that has quickly become extremely popular with visitors from both within and outside the region, and the management team is now well-placed to apply its expertise in other parts of the North East.”
Max Birkinshaw, Corporate Banking Manager, Handelsbanken Morpeth, says: “We have had a successful, long-term relationship with David and are delighted to support his exciting development plans for the local area.”