Flight Club's Red Engine secures another £10m
Red Engine has secured an increased lending facility, which now totals £70m.
One of the pioneering businesses behind competitive socialising has secured a further £10m of investment.
Red Engine, the company behind Flight Club and Electric Shuffle, has secured an increased lending facility, which now totals £70m.
The additional £10m investment, following a £60m facility that was agreed in April last year, will fuel Red Engine’s growth plans across the UK and internationally.
"Flight Club and Electric Shuffle have always been about bringing people together for incredible experiences," says Ross Shepley-Smith, CFO of Red Engine. "This investment allows us to continue our growth, open more venues and keep innovating for our guests. We’re excited to work with our three banking partners as we take the next step in our journey."
Worldwide growth
Since opening its first venue in 2015, Red Engine’s brands Flight Club and Electric Shuffle have grown rapidly, attracting millions of guests around the world.
The business says its new financing, which comes from Santander UK, HSBC UK and Barclays UK Corporate Bank, will support ongoing site rollout and capital investment programme.
Following the release of its 2024 financial results, which saw a total revenue of £77.1m, Red Engine is aiming to open three-to-four owner-operated venues each year and its partners around the globe have a goal of opening at least four-to-five Flight Club venues per year.
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