Santander’s new funding of £10m - which was secured in 2015 - is planned to be used for further growth in their restaurant estate, to increase their portfolio from 15 to 24, with a wider plan to create greater coverage of the Thai Leisure Group’s brand across the UK.
Thai Leisure Group is based in Leeds and has 15 Thai-themed restaurants located across the UK. The company was founded in 2004 by Martin Stead and Kim Kwaikraihott, and now trades across three highly successful brands/formats:
Chaophraya (an up-market dining concept), ChaoBaby (a Thai-themed mid-market buffet concept); and their new ThaiKhun brand; which is based on a Bangkok street food concept.
Santander first provided Thai Leisure Group with Growth Capital funding in 2012 and, with its support and funding, they have doubled revenues to £27 million and created over 400 new jobs. They’ve also increased their restaurant estate from 6 to 15 and expanded into Scotland - with openings in Edinburgh, Glasgow and Aberdeen.
A combination of Breakthrough Growth Capital subsequently increased in 2015 and full operational banking facilities.
Expanded their restaurant sites, increased revenues and created over 400 new jobs.
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What is Growth Capital?
Growth Capital is an innovative and flexible form of finance that is designed to help UK businesses grow, without giving away control or significant equity, and is structured to minimise the impact on cash flow. Find out more on the Knowledge Hub.
How businesses can qualify?
To qualify for a Growth Capital loan, a business must have a turnover of between £2 million and £50 million per annum, while posting annual growth of around 20% or more in a combination of turnover, profit or employment.
All lending is subject to status and our lending criteria.