In a statement to the City last week, the company said when it reports interim results on 12 May, it will update the market on its strategy for “maximising long-term value from its estate” and create a “more flexible business model”.
The company said: “While retaining the tenanted pub model at the heart of its business, the update will outline the progress Enterprise is making to build complementary managed and commercial property estates.
“The review follows a detailed assessment by the board during several months to ensure that the company is best placed to adapt to the structural changes likely to affect the industry as a result of the forthcoming statutory code and the anticipated introduction of a market rent-only option.”
Enterprise opened its first managed pub, the St James of Bermondsey, last May. The company set an initial target of converting 50 pubs to the managed model but has said the figure could eventually go as high as 500.