Enterprise Inns to reveal strategy

By M&C Report

- Last updated on GMT

Enterprise Inns to reveal strategy

Related tags: Public house, Inn, Drinking establishments

Enterprise Inns has said it will reveal details of its strategy to grow its managed and commercial property estates in response to the demands of the pubs code.

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.

Related topics: Ei Group

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4 comments

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Our meeting

Posted by ANON,

We have a meeting booked at 2pm tomorrow with our BDM. They put a hold on renewing our lease until they knew what law came into force...D DAY it is then! If they want us to go onto a tenancy they can buy our lease! Otherwise we'll be selling up

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Strategy?

Posted by david,

I'm sure a revelation of "strategy" will be welcomed by those Enterprise lessees who have been receiving letters asking them to surrender their lease in return for taking a 5 year tenancy!

Strategy (noun): a plan of action designed to achieve a long-term or overall aim.

Will it be any longer than allowing the Board's severance packages to be maximised?

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EVASION OF LEGISLATION

Posted by Fleeced Tenant,

These nasty outfits don't waste time evading legislation only because they hate their tenants earning a living wage!

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