Tag Archives: Peter Borg-Neal

Oakman describes £100k “upside” of rivals backing away from restaurant sites

Oakman describes £100k “upside” of rivals backing away from restaurant sites

The CEO of Oakman Inns has given a candid account of how the turbulence engulfing the casual dining sector can have an “upside” for other operators. Recent years have seen landlords hike prices as demand for locations among the big chains has grown. But there is evidence that the opposite is now happening – and

Snow joke for Oakman Inns as adverse weather costs business £100,000

The heavy snowfall that blanketed much of the UK last month left a £100,000 hole in Oakman Inns’ anticipated sales figures, the company’s CEO has revealed. Commenting today on the pub and restaurant chain’s performance over the four-week Christmas trading period, Peter Borg-Neal admitted that its numbers during the first week and early part of

‘Dramatic’ rise in kitchen equipment costs is crippling operators, warns restaurant boss

The boss of one of the fastest-growing pub and restaurant chains in the UK has warned there will be a “significant slowing” of investment from the industry if the cost of items such as catering equipment keep increasing. Peter Borg-Neal, CEO of Oakman Inns & Restaurants, said an increase in capital expenditure costs, including new

Oakman Inns will spend ‘lion’s share’ of £24m war-chest funding new projects

Oakman Inns has its sights set on operating 30 restaurants within the next two years after securing £24m in investment from three fund-raising exercises. The group said the “lion’s share” of the cash would be available for a raft of major developments, which will see it take its estate from 18 units up to 30

Oakman founder’s son is the new GM of flagship pub site

Oakman Inns has appointed Eamonn Borg-Neal – the son of founder Peter Borg-Neal –as the new general manager of its flagship property, The Akeman, in Tring. The Akeman was the first Oakman property that Borg-Neal senior opened 10 years ago when he launched the business and it has since served as the inspiration for the

OPINION: Why the Budget is terrible news for my restaurant chain

Peter Borg-Neal, CEO of the 18-strong Oakman Inns chain, pens his reaction to The Chancellor’s Budget statement and the sector-specific business rates relief. While the sector-specific reliefs announced by the Chancellor will bring some small benefit to thousands of pubs it will be of little use to Oakman Inns. Specifically, it means that the proposed pre-budget

Oakman seeks permission to convert former Bucks care home into town centre restaurant

Oakman Inns & Restaurants will turn a former Buckinghamshire care home into town centre dining destination and hostelry after completing the £1.5m freehold acquisition of the property. The group said it will immediately begin preparations for a planning application to convert the Grade 2 Listed Westlands House in Olney into a restaurant. Chief executive, Peter

Oakman strengthens management team and balance sheet

Oakman Inns founder Peter Borg-Neal has expressed his delight with the pub group’s progress after reporting a 20% rise in sales for a 12-month period in which it almost doubled the number of sites it owns. Borg-Neal said its financial accounts would show that turnover for the year to April increased 9% on a like-for-like