News Article Comments : Enterprise and Punch won't meet Fair Pint

Enterprise and Punch won't meet Fair Pint

Well said Eddie. You're right that the only thing that has prevented the whole rotten house of cards from collapsing has been a ready supply of 'mugs' to take these things on under such misrepresentation and false hope. But, times are changing. Every pub is full of talk about how so many pubs are closing down, how often the tenant changes, how often keys are handed back in. Customers are using phrases like "there's no way it can pay", "you've only got a chance if you're free to buy your beer from wherever". And so the cat is out of the bag. When the real estate returns and the wholesale profits dry up because the line of mugs dries up, we might then see some salvation. There's nothing wrong with the idea of charging (reasonable)rent, nor making (reasonable) wholesale profits. It's when both become obscene driven by corporate greed the outcome is unsustainable.

This post replies to eddie robinson > Enterprise and Punch won't meet Fair Pint

Enterprise and Punch won't meet Fair Pint

Whilst I agree with the sentiment about pubcos, I do feel we need to box clever. FP, I respectfully suggest, may do well to add the financial editors of all the red and black tops to their mail list and pass on ad nauseum all the detail that is presented hear as common knowledge to all of us, but none of them have a clue what we are bleating about because all they see is trends and bottom lines. Throw enough and some will stick and questions will begin to be asked and the house built on sand and empty promises will begin to reveal itself.

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Enterprise and Punch won't meet Fair Pint

The biggest problem that Fair Pint is to have actual factual proof or find genuine misuse of directives, law or anything similar. These people and companies are devious, threatening and are constantly just within the law, everyone from licensees to Institutions are terrified of being sued by these organisations or losing their financial backing depending on their involvement, to coin a phrase a lot are bought and paid for. It only needs one or two cracks and the house may well come down, but we will only get the truth at the moment by asking very pointed questions.

The staff in one particular company are getting very edgy and would like to get their voices heard before anything nasty happens, my advice is that we need your information in the Public Domain as soon as possible.

This post replies to edward carpenter > Enterprise and Punch won't meet Fair Pint

Enterprise and Punch won't meet Fair Pint

David Pott you are at the pinnacle of a lasting tradition under threat from large scale mis management designed to return the maximum profit short term without any regard to sustaining business for future profit.

Fair Pint didn't really expect any of the PubCos to be bothered to meet because there's no mileage in their meeting anyone unless they want to take advice on how to run a PubCo properly. We invited PuBcos to meet because people who actually run pubs asked us to invite them. And clearly that's not what they are interested in because running a PubCo properly will not return the maximum against the minimum investment they have been prepepared to put in up to now. If they were to meet Fair Pint we would be telling them (it's not complicated) to do what they SAY they do instead of pretending to do it. NOT VERY SEXY because that involves tenants being able to make a living and those historical profits the PubCos make are to do with ripping the profit away from tenants and putting it all into shareholders and C.E.O's pockets.

So what's been going on so far with their replies is hardly a surprise.

What is fascinating about what's been going on recently is how imperious and aloof PubCos remain, as ROME is burns all around, while operators out there are prepared to help. Running a PubCo properly is NOT rocket science, it involves supporting tenants properly and giving them a cut of what is rightfully their cake. Making a PubCo WORK the way they have been doing is all about ducking and diving, doing big deals in back rooms with people who are not operators, shaving margins, maxmimising discounts and not passing them on and generally making hay while the sun shines. The sun set about this time five years ago. They got a breather from TISC.

The PubCos eternal problem is that they are NOT operators. They are suits. Boys playing with accountant's toys. The more they have earned the more proof they have had that they are right.

edited by: J Mark Dodds at: 08/08/2008 17:41:11

This post replies to David Pott > Enterprise and Punch won't meet Fair Pint

Enterprise and Punch won't meet Fair Pint

Gilbert I had some figures passed to me recently and supposedly one company had just under 6000 changes one way or another in just a few months over two years, if this is true and accurate it is a terrible endictment of the present system, in addition lessees were very expendable in my very brief conversation with the person, who wanted to remain anonymous but wanted to see change for the better. It could of course be a ploy to discredit any facts that FP may have been given, but I would like to think not. I am not a key player in FP just a supporter of their aims, I want to see the failure rate stopped, since I am constantly speaking to people in trouble or contacting me through www.buyingapub.com, this is not a commercial for the Blog Site, but if you are in trouble there are a number of us that will try and help, it would be fantastic if every one was happy and making money, but it is going to have to be a big change before it happens.

This post replies to Gilbert Bank > Enterprise and Punch won't meet Fair Pint