Pub company Heavitree launches strategic review

30 June 2008
Pub company Heavitree launches strategic review

Devon-based pub company Heavitree has warned that it will post a loss of £790,000 for the six months ending 30 April.

Heavitree has blamed the impact of the smoking ban, last year's poor weather and the current credit squeeze.

Heavitree, which owns 76 tenanted pubs, had expected to see a sales boost after investment in its estate last year but the Alternative Investment Market-listed company now expects to slip into the red.

As a result of what it describes as the "prevailing negative industry outlook" faced by pubs it has appointed consultancy Ernst & Young to conduct a strategic review of the business.

The results of the review will be unveiled at the end of July.

Heavitree sees half year profits dip but remains positive about life after the smoking ban >>

Heavitree criticises regulation >>

Smoking ban news round-up >>

By Christopher Walton

E-mail your comments to Christopher Walton here.

The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking