Bar operator secures funding for expansion

Evan Geoghegan Allied Irish Bank (GB) with Jonathan Hawkins, Mark Andrew and Andrew Blackburn from MAD.

Bar operator secures funding for expansion

Manchester-based leisure operator Mark Andrew Developments (MAD) has secured a funding deal with Allied Irish Bank that will support its future growth strategy as its expands across the city.

MAD was established in 2004 by managing director Mark Andrew with the opening of a small bar in West Didsbury. The company now has eight bars located across Manchester’s Northern Quarter, West Didsbury and Heaton Moor.

The funding package will give MAD access to working capital that will support its growth strategy, including its plans to open further sites. The company currently employs 150 people and has seen steady growth across all its sites.  

Jonathan Hawkins, director of MAD said: “MAD has come a long way since the opening of the first cocktail bar in West Didsbury and we have created some of Manchester’s most popular bars. We have been confident in leading the way in the Northern Quarter since opening Walrus, which was our first bar there. We are keen to identify new locations for our bars and extend our success across the city and are delighted to secure the financial backing of Allied Irish Bank (GB) to do this.”

Mark Andrew, Managing Director MAD said: “We spent time talking to a good range of mainstream banks but Allied Irish Bank (GB) were clearly the best in offering us the flexibility we need. We are very excited to be working with them in taking our business to the next level. We can already see that Evan and his team share our vision for the future.”

Evan Geoghegan, relationship manager at Allied Irish Bank (GB) said: “We are delighted to support MAD in their exciting expansion plans. They have an impressive team with a wealth of experience across the leisure industry and it is a pleasure to work with them. The bars they have located across the city are extremely popular and I have no doubt that their next chosen location will be a huge success. This funding package puts them in a great position when identifying new sites.”