Ei Group has transformed its business in the wake of the pubs code but tenanted and leased pubs remain the bulk of its portfolio. Ei Publican Partnerships managing director Nick Light reveals what the tied model looks like in a post pubs-code era
Leading figures in the pub trade have responded to the new market rent only option for tied tenants in the pubs code. New Clause 2 was voted through by MPs yesterday following a passionate debate in the House of Commons.
The Campaign for Real Ale (CAMRA) has revealed the local residents and pub campaigners will be mounting a “sustained opposition” to news that 202 Marston’s pubs could be converted to alternative uses.
While the leased pub industry is focused on resolving its issues through mediation, perhaps it is time to at least consider the possible scenario of life without the tie, writes Mark Stretton.
When I heard Alistair Darling deliver his pre-Budget Report last week I recalled the less-than-subtle catchphrase of 'Cockney Gran', the foul-mouthed...
There is now little chance of a managed pub operator or tenanted pubco converting to tax efficient Real Estate Investment Trust (Reit) status following the Pre-Budget Report.
Managed operator Mitchells & Butlers (M&B) has suspended dividend payments to shareholders in a bid to reduce its levels of unsecured medium term debt.
Hopes that supermarket groups and pub operators could turn themselves into tax-efficient property trusts were dashed by the Chancellor yesterday. The...
Enterprise Inns is currently spending £1.3m a month on tenant support in the form of special discounts and rent concessions as the average level of licensee profitability fell by 4% to £45,000 for the year to 30 September.
Marston's tenants and lessees have received around £2m worth of help in the form of rent reductions, discounts and business building tools — but pubco warns it will see a £12m rise in costs next year.
Enterprise Inns is currently offering special concessions to 850 licensees as it seeks to help them through the tough trading period — at a cost of £5.5m to the pubco.
Enterprise boss says there has been no material deterioration in the key indicators of its lessees' financial health and the tenanted system is flexible enough to cope in tough times.
Punch Taverns' shares fell nearly seven per cent this morning, wiping out gains made after yesterday's debt update with City pub watchers.Pressure on...
Greene King is the latest pub company to believe that "in principle" it could become a real estate investment trust (REIT).Announcing its results for...
Food-cost rises of 8% on horizon Marston's has sounded a warning about unprecedented food-cost inflation of around 8% on the way. The increased cost...
Midlands brewer Marston's has announced first half pre-tax profits down more than 15 per cent, but said the decline was principally the result of its...
Busy location on coastal main road
Extensively renovated detached public house
Five trade areas (100)
Sizeable refurbished 4-5 bedroom accommodation
Newly created beer garden (125)
Established and popular business...
