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Burtonwood pubs boost sale and profits

09 June 2004
Burtonwood pubs boost sale and profits

Pub operator Burtonwood has reported increased sales and profits in both its managed and tenanted pubs divisions in the year to 3 April.

The company, which sold off its brewing interests at the end of the financial year to concentrate on its pubs, said sales in its managed estate were up by 9% to £16.28m.

Operating profit rose by 11% to £3.32m and like-for-like sales were up by 7%.

In the tenanted pubs, turnover increased by 4% to £33.78m and operating profit by 9% to £13.59m.

Like-for-like sales were 6% higher than last year.

Burtonwood yesterday bought a package of 16 tenanted pubs in Yorkshire for £6m.

The company said its managed pubs were avoiding the issues of overcapacity on the high-street and the problems of drink-fuelled violence as they were traditional, community pubs and did not rely on cheap drinks promotions.

At the end of the financial year Burtonwood had a total of 449 pubs, 41 of them managed and 408 tenanted.

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