Oxford-based The Cocktail Service Ltd, a fast-growing provider of premium mobile bars for events and festivals, has secured £225,000 in new funding from Santander Business Banking to help the firm expand further in the UK as well as Europe and to take on additional staff to support a new five-year business plan.
Established in 2009 by three university friends, The Cocktail Service Ltd has seen annual turnover growth of c. 60% for the past two years as demand from clients reaches a record high.
It is now running bespoke event bar solutions at in excess of 600 events per year in the UK including full bar management for 17 festivals.
Partners and clients have included Adidas, Facebook, Harrods, Quintessential Brands and Inception Group; the firm has also provided full bar management for leading festivals such as Houghton, food markets, VIPs and celebrities.
The business’ five-year plan is focused on expanding significantly in the UK but also in key European markets. The funding will help achieve this by supporting strategic hires in the sales and marketing teams and investing in a new, bespoke IT system which will help manage events and provide industry-leading tailored training. In addition to the funding from Santander, the business has also benefited from the Santander Universities Internship Programme and currently has two funded interns from Oxford Brookes University. Two previous interns are now full-time employees.
Casey Small, director of The Cocktail Service Ltd, said: “Our mission is to deliver a truly innovative, premium drinks solution and experience to the UK and increasingly European events markets. We believe passionately in the business and think the potential for growth and success is significant. Santander has been a key partner for us, and the bank will provide a significant platform for us to achieve our long term growth plans. The funding achieved will allow us to invest into key areas of the business that are critical for the next stage of business growth.”
Abdul Sadek, relationship director at Santander Business Banking, said: “This is a fantastic, creative local business and we’re very proud to be supporting its next stage of growth in conjunction with EFG backing and our internship programme. They are one of the fastest growing but also most trusted names in the events catering industry, where trust and confidence in exceptional delivery is of vital importance, and we look forward to supporting the team at The Cocktail Service as they expand even further.”
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