One of London’s largest independent pubs and dining groups is preparing for further expansion after reporting a jump in sales for its latest financial year.

Urban Pubs & Bars (UPB) has announced that its turnover increased by 16 per cent to £60.5m in the 12 months to 28 April, 2024. The group added that the total was also a four per cent rise in its like-for-like sales.

UPB, which runs operates 53 pubs, bars and restaurants across London, added that its EBITDA [earnings before interest, taxes, depreciation and amortisation] grew by 26 per cent to £8.7m in the year.

The London pubs group has not revealed how much pre-tax profit it achieved in the year. For 2023, that figure stood at £362,262.

UPB has also reported that it experienced a 16 per cent increase in like-for-like sales in December 2024.

Since the end of the financial year, the London pubs group has continued to grow with the acquisition of 10 sites, including the likes of The Gun in Spitalfields, East Dulwich Tavern and Balham Bowls Club.

UPB has already announced three openings for 2025 – The George & Dragon in Wanstead, The London Fields in Hackney, and a new site in Covent Garden.

The London pubs group also recently secured a revised funding arrangement with Barclays, increasing its available facilities to £30m.