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4th December 2023

Red Oak Taverns refinances debt with OakNorth Bank

Red Oak Taverns, the independent pub company, has renewed its relationship and refinanced its debt with OakNorth Bank. OakNorth previously financed the business for six years, ahead of Red Oak moving to Hayfin in March 2022.

Speaking about the deal, co-founder and CEO of Red Oak, Mark Grunnell said, “When we refinanced OakNorth early last year we left them on good terms, and the opportunity has arisen for us to renew our relationship. The new deal allows us to reduce our cost of capital, whilst retaining our acquisition firepower.

“I would also like to put on record our thanks to Hayfin who have supported us through the successful acquisition of 31 pubs over the past 18 months, including packages from Marstons, Everards, McMullens and most recently St Austell. Like OakNorth before them, we leave them on good terms and with appreciation for what they have helped us to achieve in a challenging acquisition environment.”

Red Oak Taverns was founded by Mark Grunnell and Aaron Brown in 2011 and has been on an active acquisition trail since then, having grown from 32 units in 2012 to 227 today.  The company’s estate is made up of both tied and free of tie pubs.


Press Contact: Elaine Beckett, Darls Communications: / 07802782115

About Red Oak Taverns:

Founded in 2011 by Aaron Brown and Mark Grunnell, Red Oak Taverns is an entrepreneurial national pub company which comprises 227 mainly leased and tenanted pubs.  The Company is privately-owned by its co-founders and a small number of like-minded individual investors.   The pub estate is mainly concentrated in the south, south west, north west and the midlands.  Red Oak Taverns prides itself on its flexible partnerships with its Tenant Partners with the aim of developing long-lasting relationships.

Further details can be found on the Company’s website:

Press Contact: Elaine Beckett, Darls Communications: / 07802782115

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