Regent minimises risks since reform

- Last updated on GMT

Related tags: Operator regent inns, Security, Regent inns

Walkabout operator Regent Inns has insisted its focus since licensing reform has been to "minimise risk" by working closely with the police and local...

Walkabout operator Regent Inns has insisted its focus since licensing reform has been to "minimise risk" by working closely with the police and local authorities.

Trading hours restrictions, strict adherence to Challenge 21 and increased security had an impact on sales and margins - like-for-like sales were down by 0.4% overall.

The company even agreed to voluntary capacity reductions at sites in Bournemouth and Cardiff. Executive chairman Bob Ivell also admitted that granting additional late licences in the wake of reform had an adverse effect on some of its venues. However, Walkabout like-for-like sales for the year were positive thanks to a strong World Cup where sales were up 15.6%.

Bar Risa/Jongleurs like-for-like sales were lower than the year before. Regent is to convert Bar Risas in Leicester and Oxford to Walkabouts.

Ivell added that the com-pany was still keen to take part in consolidation. Turnover in the 52 weeks ended 1 July was down from £131.3m in 2005 to £127.6m. Profit before tax was £5m compared to £6.5m the year before.

Related topics: Legislation

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