Member Article

Hamburger chain Byron targets 100 restaurants following new eight-figure funding

Premium hamburger brand Byron has secured a new £12m chunk of funding from two major banks that will support its continued expansion up until 2021.

The new facility, funded jointly by Santander and Royal Bank of Scotland’s Corporate Transactions team, is in addition to current arrangements and will support the continued national roll-out of the burger chain.

Since its launch in 2007 on Kensington High Street, the restaurant has spread UK-wide, with 65 outlets in major cities including Newcastle, Leeds and Manchester where it employs 1,800 people.

Commenting on the new funding, founder and Chief Executive Tom Byng, hailed the support of the two banks who have supported the restaurant chain during its rapid growth.

He said: “Santander and Royal Bank of Scotland have proved to be supportive partners over the past two and a half years, during which the business has nearly doubled in size.

“We are delighted to continue this partnership with a new funding package which will support our ambitious growth plans.”

Byron now has its sights set on reaching 100 restaurants across the country within the next three years, and Andrew Tulley, Head of Structured Finance, Financial Sponsors, London at Santander, is excited by the prospect of bringing ‘one of the UK’s most beloved hamburger brands’ to an even wider audience.

Meanwhile, Gary Nutley, Head of Corporate Transactions London and South at Royal Bank of Scotland commented: “We have enjoyed working with Byron over the last couple of years and remain committed to supporting their growth ambitions.

“The funding deal will assist them with plans to expand their premium hamburger restaurants across the UK and help to achieve a target of 100 restaurants by 2019. This is an exciting period for the business and we are pleased to work in partnership with them.”