New acquisitions drive Brakspear turnover to £22m
Brakspear has reported a double-digit rise in turnover and operating profit after what the Henley-based operator described as a "fantastic year".
The pub operator and brewer saw turnover increase 13% to £22.4m for the year to 31 December, while operating profit increased by 19% to £6.9m, and profit before tax and exceptional items was up by 26% to £5.3m.
Growth was driven by its eight-strong managed house division, which contributed £5.7m of turnover (up from £2.1m in 2014) after two sites were acquired. In its tenanted and leased estate turnover was up 2%.
Chief executive Tom Davies said: "2015 really was a fantastic year for Brakspear. Investment in the managed division's people and infrastructure enabled us to make a big step forward with this side of our business, adding two sites, each with rooms, and transferring across a previously tenanted site.
"At the same time, we continued to see a step change in the quality of our tenanted and leased pubs and the operators who make them successful, as a result of our investment in design, marketing, training and tenant recruitment over recent years."
Brakspear hires Paul Gilchrist to run managed division >>
Brakspear takes managed estate to six with pub purchase >>
Ed Turner joins Brakspear's managed pub division >>
Latest video from The Caterer
