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Investors

Investors

The City Pub Company East and City Pub Company West were originally set up at the end of 2011 by three entrepreneurs from the pub and drinks world; David Bruce, the original creator of the Firkin pubs, Clive Watson, who together with David built up and ultimately sold the Capital Pub Company in London, and John Roberts, a former MD with Fuller, Smith & Turner.
Led by Executive Chairman Clive Watson, the team has successfully raised a total of £28m between the two companies from four oversubscribed fund raises under the Enterprise Investment Scheme (EIS) as well as a further £10m from a Convertible Preference Share raise in 2015. This has now been invested in some truly excellent pubs – most of which are freeholds, together with some others on long free-of-tie leases.
The two City Pub Companies have their own management structures and CEO’s: Rupert Clark heads The City Pub Company East and Alex Derrick the City Pub Company West. Both former executives with the successful Capital Pub Company, Rupert and Alex are highly talented and experienced retailers, who combine great vision and excellent retail skills to ensure all our pubs are individually managed to the very highest standards.

Financial Results

The most recent audited accounts and press releases for the two City Pub Companies are as follows;

The Board

Executive Group Chairman, Clive Watson qualified as a Chartered Accountant with Price Waterhouse in 1986. He joined Regent Inns Plc in 1990, where he became Finance Director and Company Secretary. During his eight years at Regent Inns, the Company floated on the main market of the London Stock Exchange. Clive then co-founded the EIS-funded Tup Inns Limited, which he sold to a trade buyer in 1999. His next enterprise was Bar and Kitchen Limited, a three-strong central London pub company which he sold before founding The Capital Pub Company with David Bruce in 2001.
CEO City Pub Company (West), Alex Derrick joined the company in April 2013. Alex was previously Operations Director at the Capital Pub Company where he was for seven years. He has many years experience in the industry having previously worked as operations manager at Jacomb Guinness who owned a small group of London gastro-pubs called Union Bar & Grill.
CEO City Pub Company (East), Rupert Clark joined the company in April 2013. Rupert was previously Operations Director at the Capital Pub Company where he was for four years. He has vast experience in the industry having previously worked as operations manager at The Food and Drink Group and at Fuller’s looking after their unbranded and gastro-pubs.
Group Finance Director, Tarquin Williams ACMA joined the company and the Board in March 2015. Tarquin has considerable experience in the managed and tenanted pub industry. He spent 16 years with Fuller, Smith & Turner Plc from 1997; the last eight years there as Chief Accountant for Fuller’s Inns, with and estate of c400 pubs. Tarquin then spent a short period of time serving as Chief Operating Officer at the Ladies European Tour running their head office based at the Buckinghamshire Golf Club.
Senior Non Executive Director, David Bruce founded and developed the Firkin Pub chain, which he sold in 1988 (comprising 12 pubs at that time) to Allied Domecq International for £6.6 million. As Development and Marketing Director of Grosvenor Inns Plc, he was also responsible for the roll-out of the well known ‘Slug and Lettuce’ chain of bars. In 2001, he founded the Capital Pub Company with Clive Watson and sold it to Greene King in 2011 for an enterprise value of £93 million.
Non Executive Director, John Roberts has worked in the food and beverage industries for over 35 years, including 20 in the brewing and pubs sector. In 1994, John was appointed Marketing Controller for Ales & Stouts at Courage, later becoming Strategic Planning Director for the newly formed Scottish Courage. In 1996, John joined the board of Fuller, Smith & Turner Plc as Sales and Marketing Director, before then leading the Fuller’s Beer Company from 1999, initially as Beer & Brands Director and then as Managing Director for the last five years until 2011.
Non Executive Director, James Watson joined the Company in 2012 and took on his current role in April 2015. James has extensive experience in the managed pubs industry. As well as working at Regent Inns Plc, James was the Financial Controller at The Capital Pub Company Plc, where his responsibilities included introducing new accounting systems, helping to build up the head office team and overseeing the financial aspects of both its IPO in 2007 and its eventual sale to Greene King in 2011.
The Board meetings and AGM’s for each company are held separately, with the CEO’s attending their respective Boards alongside the other Directors who attend both.