Thursday, 24 August 2017

Profits boost for Brakspear

BRAKSPEAR has recorded a 20 per cent rise in pre-tax profits.

BRAKSPEAR has recorded a 20 per cent rise in pre-tax profits.

J T Davies & Sons, the parent company of the Henley pub operator, achieved a profit of £4.2million in 2014 compared with £3.5million in the previous year. Turnover increased by 12 per cent to £19.9million.

During last year the company invested more than £3million in its estate, including buying the Henley Brewhouse in Market Place, which it renamed the Station House.

A number of other premises underwent refurbishment, including the Golden Ball in Lower Assendon, the Fox and Hounds in Christmas Common, the Plowden Arms in Shiplake and Pachangas restaurant in Duke Street, Henley.

Brakspear also sold seven pubs, including the Bottle and Glass in Binfield Heath and the Sun in Whitchurch Hill.

Chief executive Tom Davies said it had been an ?excellent? year for the company. ?We grew our managed division, continued with our disposal programme and acquired a new pub in Henley,? he said.

?At the same time, we started to see a step change in the quality of our pubs and the operators who make them successful as a result of our investment in design, marketing and tenant recruitment over recent years.

?Above all, the results validate our business strategy over the last few years and put us on a strong footing to grow both our tenanted and managed house estates.

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

The company was highly commended place in the heart of the community award organised by the British Beer and Pub Association for its involvement in projects such as the Blooming Marvellous beer for Henley in Bloom and the Two Bells ale for the Henley Club to Pub Swim.

Mr Davies said: ?Brakspear has been part of Henley for centuries and we?re delighted to be supporting these initiatives which enhance life in the town.?

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