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Peach Pub Company puts modest growth down to ‘Brexit uncertainty'

17 August 2018 by
Peach Pub Company puts modest growth down to ‘Brexit uncertainty'

The company, which has acquired 20 pubs, posted an increase in turnover of £600,000 to £25.6m, and like-for-like growth of 2.4% - stating this was "indicative of the current climate in an overly saturated casual-dining sector and an oscillating market in light of uncertainty in a post-Brexit world".

EBITDA for the group stood at £2.05m, up just £39,000 on the previous year.

In its business review, the company stated: "Peach has seen a tough year of trading challenges, but remained resilient on the backdrop of mounting pressure of business rates, national minimum wage increases and inflationary cost pressures.

"Trade has been significantly impacted by a very wet summer and tougher consumer spending.

"Until the government moves forward on what the post-Brexit UK will look like, we believe we will continue to see a challenge with less discretionary spending from our guests."

'All peachy' at Peach Pub Company as it acquires 20th property>>

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

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