Bramdean's Horlick launches EIS venture

Bramdean Asset Management's chief executive Nicola Horlick has launched a new venture investing in private members' clubs.

As chairman of the venture, she is offering shares in Georgina's Restaurants Limited to private investors through an Enterprise Investment Scheme (EIS), and hopes to raise £2m in assets.

The company has received preliminary approval from HMRC, and the first Georgina's outlet will open in Barnes, south west London in autumn 2011. The minimum investment in the scheme is £5,000.

Horlick says: "There is a real dearth of warm and welcoming clubs on the outskirts of London and we intend to fill this gap in the market.

"I am thrilled to be working with Adam Byatt, a brilliant and visionary chef, who will make a huge impact on the quality and style of our offering. We have been developing the Georgina's concept for two years and now have an excellent site in Barnes, which offers great potential."

Horlick founded Bramdean in 2004, and in 2009 her Alternatives trust was the subject of a coup from activist shareholder Vincent Tchenguiz. Aberdeen Asset Management eventually took over the fund.