Greene King

Telephone:

01284 763 222

Activities:

Greene King has evolved from a Suffolk-based brewer and pub operator into one of the UK’s largest national pub companies with in excess of 2,000 properties and two breweries. .

The company, which is more than 200 years old, operates a stable of managed pubs, restaurants and hotels under a host of brands such as Hungry Horse, Old English Inns, Eating Inn and Loch Fyne Restaurants.

Its leased/tenanted/franchised division includes the UK’s only two-Michelin-starred pub, the Hand and Flowers in Marlow.

Most of its managed pubs are freeholds and its inns – a mix of pubs with rooms and destination food businesses – make it a significant player in the hotel market.

Its growth spurt really took off in the 1990s when it acquired the Magic Pub Company, Marston’s southern pub estate, Morland of Abingdons pubs and brewery, and Old English Inns.

The pace picked after it completed an unusual £600m securitisation of its estate in 2005 (believed to be the first to cover both managed and tenanted pubs) to finance its acquisition of 432 Laurel pubs, which boosted its portfolio by 25%.

The deal allowed it to quickly fill gaps in its national coverage, most notably with the purchase of Ridley’s Brewery in Essex, Belhaven Brewery in Scotland (which retains its own identity within the group), East Midlands brewer Hardys and Hansons and New Century Inns in the East of England.

Greene King entered the premium casual dining market in August 2007 with the acquisition of the 36-strong Loch Fyne Restaurant group

Best-selling beer brands include Greene King IPA, Abbot Ale, Old Speckled Hen, and Belhaven Best.

Key People:

Chief executive Rooney Anand
Chairman Tim Bridge
Finance director Matthew Fearn
Commercial director Steve Jebson
Managing director, Local Pubs, Retail Richard Lewis
Managing director, Destination Pubs, Retail Jonathan Webster
Managing director, Pub Partners Simon Longbottom
Managing director, Brewing and brands Chris Houlton
Managing director, Belhaven Brewery Stuart Ross

Commentary:

Operating Data:

Financial Snapshot:

Year ending 29 April 2012
Revenue
£1,140.4m (2011: £1,042.7m
Pre-tax profit £152.0m (2011: £140.0m)

Half-year ending 14 October 2012
Revenue
£566.2m (2011: £527.5m)
Pre-tax profit £82.7m (2011: £77.2m)

View more Greene King financial statements

Address:

Westgate Brewery
Westgate Street
Bury St Edmunds,

UK