max temp: 13°C

min temp: 10°C

ESTD 1874 Search

Moulton/ Grantchester: Packhorse Inn owner Chestnut Inns acquires the Rupert Brooke

13:00 13 April 2014

From left, Chris Lee and Philip Turner of Chestnut Inns.

From left, Chris Lee and Philip Turner of Chestnut Inns.

© Jake Eastham

Chestnut Inns, the company behind the Packhorse Inn at Moulton, near Newmarket, has acquired a second pub/restaurant, the Rupert Brooke at Grantchester, near Cambridge.


Former banker and corporate financier Philip Turner, who formed Chestnut in 2012 to acquire the Packhorse, then known as the King’s Head, said the business had performed ahead of expectations in the first six months since its relaunch.

This had promoted the acceleration of plans for further sites, with a second round of capital raising under the Enterprise Investment Scheme (EIS) having recently been completed, he added.

Mr Turner, a local resident, bought the Packhouse in May 2012 and ran the businees as it was for 12 months before closing it in May last year for five months of refurbishment work, assisted by a first round of fundraising under the EIS.

The work included refurbishment of the bedrooms, overseen by Mr Turner’s wife, Amanda, aimed at attracting professional couples on weekend breaks, and Chris and Hayley Lee, who formerly managed the Bildeston Crown, near Hadleigh, where they achieved AA three rosettes status, were hired to manage the business.

The Chestnut Inns’ plan is to identify other freehold sites in the region which, as a result of under capital investment, are not delivering their full potential.

Mr Turner said: “We have a fantastic shareholder base that has supported the business through to phase two and allowed us to seize the opportunity to purchase The Rupert Brooke.

“Its position in Grantchester − rural, historic and literary links and yet within walking distance of central Cambridge − perfectly fits the key criteria of ‘location, location, location’. The rest of the ingredients − a creative outlook and an experienced team to make it work − are what Chestnut Inns are all about.”

The Rupert Brooke will be totally renovated to open its doors again late summer as a village pub and restaurant.

“People are our greatest asset and growing the business provides career development opportunities for our people, helping us recruit and maintain the standards we set ourselves”, said Chris Lee, head chef.

The pub is named after the World War One poet who lived in the village and who wrote, when homesick in Berlin, the acclaimed poem “The Old Vicarage, Grantchester” which ends with the famous couplet: “Stands the Church clock at ten to three? And is there honey still for tea?”



Alistair Ponder, Leanne Castle and Alex Till of Menta receive their trophy from Declan Curry at the National Enterprise Network annual awards.

Bury St Edmunds-based enterprise agency Menta has won an Enterprise Support Organisation of the Year accolade at the National Enterprise Network’s annual awards.

An artist's impression of the new Hampton by Hilton hotel to be built and Stansted Airport,alongside the existing Enterprise House office complex, right.

A new £45million hotel is to be built close to the main terminal at Stansted Airport, bringing the number of hotels on the airport site to five and creating around 60 new jobs.

Frank Brumby, eastern region chairman of R3.

“Zombie” businesses are on the march in the East of England, according to a survey by insolvency trade body R3.

Royal Bank of Scotland has passed the latest Bank of England stress test, but missed fulfilling one of the capital guidance criteria.
Photo: David Cheskin/PA Wire

All seven of the UK’s largest lenders have passed the Bank of England’s latest “stress test”.

Max Chmyshuk, founder and managing partner at Fleximize.

More than £25million-worth of credit applications by small and medium-sized enterprises (SMEs) in eastern England are being rejected by banks every month, according to alternative lender Fleximize, which is based Ipswich.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24