Tuesday, 24 October 2017

Brakspear increase turnover in 2015

THE parent company of Henley pub operator and brewer Brakspear increased its turnover by almost 13 per cent to £22.4 million last year

THE parent company of Henley pub operator and brewer Brakspear increased its turnover by almost 13 per cent to £22.4 million last year.

J T Davies & Sons revealed its annual results for the year ending December 31, 2015 today (Friday).

Operating profit increased by 19 per cent to £6.9 million and profit before tax and exceptional items was up by 26 per cent to £5.3 million.

The company said the growth came mainly from its expanding managed house division, where turnover increased by £2.1million to £5.7 million, as well as from a two per cent uplift in turnover from the tenanted and leased estate.

Brakspear bought three pubs during the year and sold two, including the Half Moon at Cuxham.

The company invested £7.4 million in its pub estate during 2015, including managed house acquisitions and developments.

Its in-house property and design team helped tenants with refurbishments and other developments. The company’s workforce grew to a total of 221 across its head office in Henley and its managed pubs.

Brakspear donated £450 to Henley in Bloom, which was raised from sales of its Blooming Marvellous seasonal ale, supported the second Henley Club to Pub Swim by presenting all participants with a bottle of specially brewed Two Bells beer. It also staged a second jazz and blues festival.

In October, the company launched its first estate-wide charity partnership with Sue Ryder and has so far raised more than £20,000.

Chief executive Tom Davies said: “2015 really was a fantastic year for Brakspear.

“Investment in the managed division’s people and infrastructure enabled us to make a big step forward with this side of our business, adding two sites, each with rooms, and transferring across a previously tenanted site. At the same time, we continued to see a step change in the quality of our tenanted and leased pubs and the operators who make them successful as a result of our investment in design, marketing, training and tenant recruitment over recent years.

“Our results demonstrate that considered investment in acquisitions and pub development and refurbishment benefits the Brakspear business as a whole.

“We will continue to invest in our pubs, our people and our operators to ensure that we maintain this success.”

He added: “I’m delighted that we have been able to support Sue Ryder, who do such incredible work locally.

“We’re grateful to everyone in our pubs and at head office who has contributed to the sum raised so far and looking forward to hitting our target of £50,000.”



THE parent company of Henley pub operator and brewer Brakspear increased its turnover by almost 13 per cent to £22.4 million last year.

J T Davies & Sons revealed its annual results for the year ending December 31, 2015 today (Friday).

Operating profit increased by 19 per cent to £6.9 million and profit before tax and exceptional items was up by 26 per cent to £5.3 million.

The company said the growth came mainly from its expanding managed house division, where turnover increased by £2.1million to £5.7 million, as well as from a two per cent uplift in turnover from the tenanted and leased estate.

Brakspear bought three pubs during the year and sold two, including the Half Moon at Cuxham.

The company invested £7.4 million in its pub estate during 2015, including managed house acquisitions and developments.

Its in-house property and design team helped tenants with refurbishments and other developments. The company’s workforce grew to a total of 221 across its head office in Henley and its managed pubs.

Brakspear donated £450 to Henley in Bloom, which was raised from sales of its Blooming Marvellous seasonal ale, supported the second Henley Club to Pub Swim by presenting all participants with a bottle of specially brewed Two Bells beer. It also staged a second jazz and blues festival.

In October, the company launched its first estate-wide charity partnership with Sue Ryder and has so far raised more than £20,000.

Chief executive Tom Davies said: “2015 really was a fantastic year for Brakspear.

“Investment in the managed division’s people and infrastructure enabled us to make a big step forward with this side of our business, adding two sites, each with rooms, and transferring across a previously tenanted site. At the same time, we continued to see a step change in the quality of our tenanted and leased pubs and the operators who make them successful as a result of our investment in design, marketing, training and tenant recruitment over recent years.

“Our results demonstrate that considered investment in acquisitions and pub development and refurbishment benefits the Brakspear business as a whole.

“We will continue to invest in our pubs, our people and our operators to ensure that we maintain this success.”

He added: “I’m delighted that we have been able to support Sue Ryder, who do such incredible work locally.

“We’re grateful to everyone in our pubs and at head office who has contributed to the sum raised so far and looking forward to hitting our target of £50,000.”



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