Pleased To Meet You

What Pleased To Meet You does

Pleased To Meet You (PTMY) is an independent, award-winning cocktail bar, restaurant, and private hire venue located at 41-45 High Bridge in Newcastle city centre, United Kingdom. The business operates a single physical venue with a bar (open 11am to 2am, seven days a week) and a restaurant (12 noon to 9:30pm Monday–Saturday, 12 noon to 7pm Sunday), supported by a kitchen producing seasonal British dishes, sharing plates, afternoon tea, Sunday roasts, and set lunch menus. A separately branded function room, the Viceroy suite, accommodates up to 120 guests for birthdays, corporate events, weddings, engagement parties, and wakes, with bespoke food and drink packages and add-on entertainment (DJ, singer, equipment hire). A sister venue, PTMY Morpeth, operates under the same brand ownership in a second UK location.

The revenue model is direct-to-consumer hospitality: unit-priced food and beverage sales across the bar and restaurant, plus one-off private venue hire transactions. Pricing signals are publicly disclosed and transactional (e.g., £20 two-course and £25 three-course Restaurant Week menus, afternoon tea with 50% deposit, 72-hour notice). Distribution is walk-in trade supplemented by table reservations and a website enquiry form for private hire; no third-party delivery, marketplace, or intermediated channel is used. Marketing is concentrated in organic Instagram content highlighting cocktails of the week, seasonal offers, and event activations, with occasional local partnerships (e.g., Newcastle Theatre Royal cross-promotion, in-venue collaborations with Gillespies Couture Cakes).

The operating model is light-asset from a technology standpoint: the website is built on Squarespace, careers intake runs through Jotform, and gift cards are issued via a third-party Toggle platform. There is no disclosed proprietary technology, no app, no API, and no AI/ML capability. The business is privately held with no evidence of venture or private equity backing, no public listing, and no disclosed management team beyond a general contact channel ([email protected] / 0191 340 5137). Headcount stands at approximately 21 employees.

Name

Pleased To Meet You

Legal name

Pleased To Meet You

Website

https://ptmy-newcastle.co.uk

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Pleased To Meet You is an independent award-winning cocktail bar, restaurant, and private hire venue in Newcastle upon Tyne, serving walk-in consumers, table reservations, and private events in the Viceroy suite for up to 120 guests, with a sister venue in Morpeth.

Ownership category

akta.pro rank

Product category

Hospitality Services (Bar & Restaurant)

NAICS

Drinking Places (Alcoholic Beverages) (7224), Full-Service Restaurants (722511)

SIC

Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Cocktail Bars & Lounges (CRANACAD)

akta.pro secondary industries

Bar & Beverage Catering (Mobile Bar, Bartending) (HSACAGAF), Cocktail Experiences (Mixology Classes, Cocktail Tours) (THAJAGAG)

Keywords

• Cocktail bar services
• Restaurant dining
• Private venue hire
• British seasonal cuisine
• Event hosting

Headquarters

HQ city

Newcastle Upon Tyne

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Food and beverage sales: Restaurant and bar revenue from seasonal British dishes, sharing plates, handcrafted cocktails, premium spirits, craft beers, and wine selection. Operates as a full-service dining and drinking establishment with separate restaurant and bar offerings.
2. Private venue hire: Revenue from hiring out the Viceroy private function room for events including birthdays, corporate functions, weddings, engagement parties, baby showers, and wakes. Offers bespoke food and drinks packages along with DJ/singer hire options.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Pleased To Meet You is an award-winning cocktail bar, restaurant, and private hire venue in Newcastle city centre. The venue operates The Bar (handcrafted cocktails, premium spirits, local craft beers and wines served daily from 11am-2am), The Restaurant (seasonal British dishes and sharing plates with lunch, dinner, afternoon tea and Sunday roasts), and Private Venue Hire via the Viceroy suite (accommodating up to 120 guests for birthdays, corporate events, weddings and celebrations with bespoke food and drinks packages).

Product overview

Pleased To Meet You is an award-winning cocktail bar, restaurant, and private hire venue in Newcastle city centre. The business operates three core offerings: The Bar (handcrafted cocktails and drinks from 11am-2am), The Restaurant (seasonal British dishes from 12noon), and Private Venue Hire via the Viceroy Suite (accommodating up to 120 guests). Additional offerings include Afternoon Tea, Sunday Roasts, and Set Lunch menus. The venue also operates a sister location in Morpeth.

Differentiator

Problem solved

Functional benefit

Brands

• Viceroy: Private function room available for hire, accommodating up to 120 people with its own private bar and music facilities

Products and services

• The Bar

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• PTMY Morpeth (Sister Venue)minorOthersSister venue operated under the same brand ownership, located in Morpeth. Noted as a separate venue on the Newcastle website, suggesting shared brand identity and potentially operational synergies.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Be At One: UK cocktail bar chain with extensive urban locations. Directly comparable on cocktail focus, late-night trading, and city centre positioning, though operating at significantly larger scale.
• Revolución de Cuba: UK cocktail bar and restaurant chain combining Latin-American food with cocktail-led bar service and live music. Closely matches PTMY's hybrid bar/restaurant with live entertainment positioning.
• Dirty Martini: UK cocktail bar group with premium late-night positioning in major cities. Comparable cocktail-led, late-night operating model and similar target customer of cocktail enthusiasts and group celebrations.
• The Alchemist: UK multi-site cocktail bar and restaurant brand known for theatrical, molecular-style cocktails. Closely comparable cocktail-led F&B concept with similar target demographic of after-work and weekend cocktail trade.

Broad incumbents

• The Ivy: Iconic UK restaurant group offering premium all-day dining with cocktail bar service. Comparable on full-service restaurant + cocktail bar combination in a major city centre location, though national brand at far greater scale.
• Slug & Lettuce: UK high-street cocktail bar and casual dining chain. Comparable cocktail-led, all-day city centre trading model, though at substantially larger scale and more mass-market positioning.
• Soho House: Global private members' club with restaurants, bars, and private event spaces. Comparable on premium bar/restaurant/events combination in city locations, though membership-led and far larger scale.
• D&D London: UK premium restaurant and events group operating multiple high-end restaurants and event spaces. Comparable on the private hire / events side and on premium city centre dining, though operates at substantially larger scale.
• The Botanist: UK bar and restaurant chain with cocktails, brunch, and live music. Comparable bar/restaurant hybrid with similar daypart coverage and broader geographic footprint than PTMY.
• Las Iguanas: UK chain of Latin-inspired cocktail bars and restaurants. Comparable hybrid bar/restaurant offering with similar city centre positioning and cocktail-led F&B model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/p/ptmy-newcastle
• LinkedInlinkedin.com/company/pleased-to-meet-you

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pleased To Meet You