Friday, 15 December 2017

Brakspear sales rise despite pub closures

BRAKSPEAR is celebrating another year-on-year sales increase.

J T Davies & Sons, the pub operator which owns the Henley company, says sales of draught beer and cider went up by 5.2 per cent last year, compared with 2.7 per cent in 2012.

Total turnover grew by 8.4 per cent to £17.8 million, while operating profit rose by 15.8 per cent to £5.4 million. Profit before tax and exceptional items was up by 26.2 per cent to £3.5 million.

The news comes after Brakspear spent £2 million refurbishing many of its pubs, including the Old Bell and the Bull in Bell Street, Henley, and the Bull in Wargrave.

Chief executive Tom Davies said: “2013 was a year of positive change at Brakspear with a sizeable increase in the support we offer to our tenants across marketing, training and business development as well as design. It is good to see our investment in these areas translated into these excellent figures, which have been delivered by the busy and profitable pubs run by our talented licensees.These are strong results from a business in excellent health and show the benefit of our approach to running pubs.”

Last year, the company closed seven pubs, including the Sun at Whitchurch Hill.

Mr Davies said: “We will continue to invest in our pubs and our people where we can see the possibility of healthy returns but, by the same token, will dispose of pubs that have become permanently unviable.

“Closing a pub isn’t a decision we take lightly — after all, running pubs has been Brakspear’s business for five generations. Proceeds from the sale of failed pubs can be used to help others to thrive.”

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