Wells & Co turnover increases to £53m amid ‘ongoing investment’

By Stuart Stone contact

- Last updated on GMT

Strong position: an ‘exciting year’ awaits, according to Wells & Co’s Peter Wells
Strong position: an ‘exciting year’ awaits, according to Wells & Co’s Peter Wells

Related tags: Pub, Beer, Public house, Alcoholic beverage

Fifth-generation family brewer and pub operator Wells & Co has revealed a £10m year-on-year increase in turnover from the £43m recorded in 2018.

Founded in 1876, the operator of 190 pubs in the UK and 17 in France, revealed that its turnover had risen from £43m in 2018 to £53m during the 52 weeks to 29 September 2019.

What’s more, during the same period, Wells & Co – formerly Charles Wells​ until a rebrand in June 2019 – saw operating profit rise by 5.2% to £5.3m while net revenue increased to £16.1m.

The past 12 months also saw Wells & Co double its managed UK pub estate, with the addition of four new pubs in France growing its managed portfolio to 37 sites – increasing revenue by 12% in the process.


Continued development

The reveal of Wells & Co’s increase in turnover follows a landmark £14m investment in new Bedford-based brewery, Brewpoint, in June 2019.

Construction is currently under way on the brewery build – which will house a pub-restaurant, a retail unit, a coffee roastery, company offices and a visitor centre – with its debut beers expected to pour in Wells & Co sites in June 2020.

“Our progress over the past 12 months is testament to our team’s commitment to operating a quality estate of pubs,” Peter Wells, appointed Wells & Co managing director in January 2020, commented.

“Ongoing investment in our Pub Partners estate, including two new acquisitions and continued development of our award-winning training, has been complemented by a serious expansion of our UK managed house divisions Pizza, Pots & Pints and Little Gems. We’re also delighted by our growth in France despite the gilets jaune protests and recent strikes.

“With a low and manageable level of debt, we are in a strong position to embark on what is set to be an exciting year for the business. Brewpoint, paired with our plans for investment across our portfolio, is a statement of confidence about the future direction of our family company.”

Related topics: MA500 Business Club

Related news

Show more


Follow us

Pub Trade Guides

View more


Subscribe to The Morning Advertiser

The definitive voice for the pub trade

Get the latest news, analysis and insights from the uk pub sector straight to your inbox!