Wadworth Brewery has re-organised distribution and warehousing to allow their beers to become available across a much wider area, making famous Wadworth ales such as 6X, Corvus, Horizon and Bishop’s Tipple available directly to pubs and free houses across the whole of the South of England including London. This significantly extends the company’s traditional distribution … [Read more...]
Convivial London Pubs grows sales 10%
Convivial London Pubs PLC has confirmed full year results for the period ended 29 September 2012, reporting another dynamic year of development and change. Highlights: Despite the sales of the Tea Clipper at the half year, turnover grew to £5.1m with like-for-like sales up by 10%. Overall Gross margin grew by 2.3% to 72.4% Pub EBITDA at £1.7m was up by 10%, with … [Read more...]
Tilleys Bar celebrates 150 – and profits!
On 4 December, H&C News wrote about the 150 bottled beers going on sale at Tilleys Bar in Newcastle, as well as their invitation to four of the north east’s most popular breweries to each brew a one-off, unique-formula draught beer - but stipulated beer with huge hoppiness (at least 150 IBUs). See link below for the original article. The breweries to take up the … [Read more...]
Charles Wells performing as expected, investing for growth
Charles Wells Ltd - incorporating the performance of Wells & Young’s Brewing Company, Charles Wells Pub Company and John Bull Pub Company - has announced its results for the financial year to 29 September 2012. Sales income rose £1m to £189m with profit after tax of £6m - down from £6.6m the previous year. EBITDA was up 4% to £17.4m. Fall in profit mitigated by brand … [Read more...]
The public house acquisitions market in 2012: a glass half full or empty?
Savills head of leisure & trading in Southampton, Kevin Marsh, takes a closer look at the British pub property sector in 2012. First half of 2012 There were good levels of activity within the transactional market for British pubs in the first half of 2012. Whilst the large pub companies continued to dispose of non-core assets, often for alternative use, we also began … [Read more...]