Nightcap PLC - owner of Cocktail Club, Adventure Bar and Barrio Familia chains - Opens new Barrio bar in Watford, north west of London. The ground and first floor venue is located on the Parade in Watford. It comprises a total area of around 7,825 square feet and a ‘large’ outside terrace area. Nighcap expects the venue, which is the second Barrio to open since the brand was acquired last year, to open this year. As well as the 37 sites on its portfolio, the company notes that it has an additional 19 premises under offer or in legal negotiations across its brands.

Chief Executive Sarah Willingham comments: ‘Watford is a vibrant town with a limited night time offering but a captivated audience. We are so excited to bring Barrio to the neighbourhood in response to the growing consumer demand for high quality hospitality offerings, without the added expense of travel into central London.’

Current stock price: 13.24 pence, up 4.9% on Monday

12-month change: down 32%

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