Get the latest hospitality news and inspiration straight to your inbox. Subscribe to our newsletter.

Honeycombe reaps sweet harvest as turnover leaps

Pub operator Honeycombe Leisure has increased its turnover by more than 50% after buying the 35-strong Devonshire pub company for £8.5m in March last year.

In the 12 months to 28 April, turnover at the group increased by 54% to £32.4m, compared with £21m a year earlier. Pre-tax profit was up by 18.5% to just more than £1m, compared with £843,777 in 2001.

Chairman Sandy Anderson said the company had made “significant progress” during the year despite the impact of foot-and-mouth disease on its “trading heartland”.

Foot-and-mouth disease affected about 10% of the group’s pubs, said Anderson, leading to flat like-for-like sales in the year to April. About £700,000 of turnover and £200,000 of profit is estimated to have been lost because of the outbreak.

Trading in the new year had started positively, said the group. Despite “unseasonably wet weather”, like-for-like sales, boosted by the World Cup, increased by 6% in the first 10 weeks of the year compared with 2001.

Honeycombe operates 71 pubs across the North of England.

Start the discussion

Sign in to comment or register new account

Start the working day with

The Caterer’s free breakfast briefing email

Sign up now for:

  • The latest exclusives from across the industry
  • Innovations, new openings, business news and practical advice
  • The latest product innovations and supplier offers
Sign up for free