News > General News

Wellington Pub Company posts a loss

By John Harrington , 18-Oct-2010

Related topics: Pub industry statutory code, General News

Wellington Pub Company, the 850-strong pub estate owned by the Reuben Brothers and managed by Criterion Asset Management, has made a loss of £5.7m.

Wellington: loss of £5.7m

Wellington: loss of £5.7m

Wellington Pub Company, the 850-strong pub estate owned by the Reuben Brothers and managed by Criterion Asset Management, made a loss of £5.7m, according to its latest accounts.

 

Turnover slipped from £31.2m to £30.3m in the year ending 31 March 2010. It still paid an interim dividend of £5.5m.

 

The company bought 13 pubs during the period and disposed of 33 others at a loss of £16m.

 

The accounts said: "This fits in with the directors' strategy of under performing properties within the portfolio and to acquire better performing and income-generating pubs."

Find us on Facebook

Spotlight

Legal Q&A: Opening a cinema club and assault charges

Legal Q&A: Opening a cinema club and assault charges

This week's legal Q&A asks what you should do regarding personal licences and being charged with assault,...

Five minute guide to Champagne, Prosecco and Cava

Five minute guide to Champagne, Prosecco and Cava

It may, in the past, have been associated with indulgence and special occasions, but all that is...

Legal Q&A: Nudity, noise and measuring down

Legal Q&A: Nudity, noise and measuring down

This week's legal Q&A features issues to do with 'regulated entertainment' and nudity, noise abatement notices and...

Drinks promotions: top legal tips

Drinks promotions: top legal tips

In this top tips series we continue our analysis of the practical implications of the changes to...

Follow us on