Timothy Taylor reports drop in profits

By Louise Birchall

- Last updated on GMT

Related tags: Operating profit

Profits were down at Timothy Taylor
Profits were down at Timothy Taylor
Timothy Taylor, the Yorkshire brewer and pub operator, saw profits fall in the year to 30 September.

A turnover of £22.1m represented a marginal increase on last year, but an additional £581,945 in administrative expenses, which amounted to close to £11.1m, led to a decline in operating profit of 30.2% to £2.1m.

Staff costs increased by £292,592, up nearly 7% in 2012 compared to 2011, with 27 additional team members, mostly employed in retail.

The reduction in operating profit filtered through to profit after tax and dividends, which dropped 44.3% to £876,055. Other significant outlays included defined benefit obligation, which increased from £8m in 2011 to £9.1m in 2012.

Related topics: Beer

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