Unbranded pubs group Capital Pub Company is reportedly poised to float on the Alternative Investment Market (AIM) by the summer.

The company, which has 19 food led pubs all in London, has appointed a new advisory team ahead of a planned float on the junior AIM, according to the Daily Telegraph.

Accountancy firm Grant Thornton and advisory house Fairfax will act as nominated adviser and broker respectively to Capital, which is led by Firkin founder David Bruce.

Capital had been expected to raise between £10m and £20m on admission to the AIM, but in the past two months it has completed a £10m sale-and-leaseback of its flagship Hog in the Pond public house, opposite London's Bond Street tube.

The money raised from that property deal plus existing funds and an existing banking facility means that Capital is thought to have more than enough money to continue with its existing expansion plans.

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By Daniel Thomas

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