George Bateman & Son Limited has published their accounts for the trading period to January 2015, showing turnover at £15.7 million slightly down on the previous year (-2.5%) although Operating Profit held up reasonably at £191,000 compared with the previous year’s £200,000.
Upgrading tenanted and extending managed estates
While it has been another challenging year for the brewer, Batemans has a comprehensive development strategy in process to secure its place in the market for the foreseeable future.
A key element of this revolves around upgrading the tenanted estate and extending the managed estate, which began with the employment of a Retail Director in April this year, and continues with investment into existing venues and acquiring new pubs. This includes a major investment into The Woolpack, located in Wainfleet, near the Brewery, which has closed for refurbishment this week.
Batemans is also close to completion on two acquisitions, one near Doncaster, and the other near Sheffield.
Additionally, Batemans will soon be launching its new Pub Operating Agreement (POA) franchises, and is looking at opportunities for further managed pubs.
Brewing review
Batemans remains passionate about brewing beer and, in line with this, will continue building its niche beer brands and current favourites with the future of some of its more periphery brands under review.
The team at Batemans is confident that with a continued focus on ensuring the pub estate and product range is as strong as it can be, the family brewer will remain a key player in the sector for many years to come.
About Batemans
Batemans is a family brewer based in Lincolnshire, England. It has brewed beer in its Brewery in Wainfleet since 1874, and has nearly 70 pubs in its estate, predominately based in Lincolnshire, Derbyshire Dales and Norfolk. Batemans brews five permanent cask beers, as well as a range of seasonal and speciality beers. It offers a wide selection of bottled beers, which are available to buy online and in supermarkets across the UK.