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Oakman Inns posts steep sales rise of 55% after strong Christmas

06 January 2016 by
Oakman Inns posts steep sales rise of 55% after strong Christmas

Pub operator Oakman Inns and Restaurants has announced strong results after the Christmas trading period and in Q3, including a steep rise in sales.

In the results for the four weeks ending 3 January 2016, like-for-like sales for the 13-site group were up 11.8% compared with the previous year, with total sales up 55% on the previous year to £2.1m.

In its third quarter results, the group posted a rise in like-for-like sales of 6.2%, and total sales of £14.5m, up a significant 52.7% on the year before.

Founder and chief executive Peter Borg-Neal explained that the company had put a lot of work into making sure its Christmas offer was "spot on", and said that each pub had averaged over £40,000 net per week. He added that the White Hart property in Ampthill had been particularly successful.

The group has also introduced a range of initiatives designed to drive improved performance among managers and other staff, which it hoped had positively strengthened the pubs' teams.

Borg-Neal said: "We were hopeful of a good outcome [at Christmas] but our performance has been at the upper end of our expectations…I am confident we can maintain this momentum through to the end of 2015/16 and, in so doing, will complete another excellent year."

Founded in 2007, the group first opened with the Akeman in Tring, Hertfordshire, and now operates 13 all-day establishments across Buckinghamshire, Bedfordshire, Hertfordshire, Northamptonshire, Oxfordshire and Essex, including the King's Arms in Berkhamsted, the Globe in Warwick, and the Beech House in St Albans.

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