InnBrighton Ltd, the South East regional pub group led by Gary Pettet and Gavin George, has reported results for the full year to end-June 2012, quoting a turnover increase of 11% to £23m and EBITDA up 17.7% to £3m.
Commenting on the performance, chairman Gary Pettet said:
“2011-12 has been a very positive year for the company. Two new acquisitions in London during the period have added to an excellent performance, but what is most pleasing is that like-for-like EBITDA has improved by 13.8% showing that, despite a difficult trading environment, the underlying business is in solid growth.”
Since the start of 2012-13, InnBrighton has added a further two London sites to its estate and converted a former Brighton nightclub into a 600-capacity pub and brewery. Pettet continued:
“We are very pleased with the trade at our four pubs in London and are building up an excellent pipeline of future acquisitions here.”
Commenting on the company’s progress CEO Gavin George said:
“These are exciting times for InnBrighton as we both expand our London estate and invest in our Brighton pubs to create ever more interesting places for our customers to enjoy their social time. The popularity of our Laine’s cask ale and Alchemist coffee brands coupled with improved food offerings across the estate have added to the appeal of our highly individualistic pub offerings and helped achieve the underlying growth that the company is enjoying.
Digital marketing + brand campaigns
“Aggregating social media content through our Drink in Brighton and Drink in London websites has contributed significantly to the effectiveness and focus of our digital marketing activity. Close working relationships with Heineken and Diageo on bespoke brand campaigns has helped create some very unique and appealing customer activity. We are pleased with the company’s progress in 11/12 and look forward to continued organic and acquisitional growth
in 2012-13”
About InnBrighton
Formed in 2007 by the merger of multiple licenced retailers Zelgrain Ltd and C-Side Ltd, InnBrighton Ltd operates an estate of 44 units in the London and Brighton areas. Recent additions include The Candlemaker in Battersea, The Great Exhibition in East Dulwich, The Dissenting Academy in Newington Green, The North Laine and The Mesmerist, both in Brighton.
InnBrighton believes that the successful 21st century pub is a real life social networking space that is original, inspirational, comfortable and memorable. The company is proud of the cultural and ecological ethos that underpins its commercial objectives. InnBrighton brews its own cask ale, the most popular of which is Laine’s Best.