Charles Wells defers rent for snow-hit pubs

By John Harrington

- Last updated on GMT

Related tags: Wells pub company, Weather, Management

Wells and Youngs: 2% rise won't be passed on until June
Wells and Youngs: 2% rise won't be passed on until June
Charles Wells Pub Company has deferred rent payments for eight pubs that suffered badly during the recent snow. Managing director Anthony Wallis...

Charles Wells Pub Company has deferred rent payments for eight pubs that suffered badly during the recent snow.

Managing director Anthony Wallis said feedback on trading during the pre-Christmas period was "mixed".

"Whilst some pubs struggled because their customers stayed at home, others picked up extra trade from people who were unable or unwilling to travel further afield than their local community.

"In response, we've committed to defer the December rental payment for those customers who've contacted us and demonstrated that the weather conditions had a significant detrimental effect on their business.

"Our retail development managers are visiting these sites in January to discuss repayment plans, which will also take into account the impact that the VAT rise has on their turnover."

The company is also working with accountants to offer licensees financial advice, will continue to offer purchase agreements for fixtures and fittings and has increased its repairs budget to manage damage caused by the cold weather.

Charles Wells has already announced it will absorb price increases on its own beers until June.

Related topics: Other operators

Property of the week

The Lower Chequer

- Tenancy

The Lower Chequer is tucked down Crown Bank in the quaint town of Sandbach, a thriving market town most well-known for its ancient Saxon Crosses...

Follow us

Pub Trade Guides

View more

Headlines