Punch Pubs & Co

Tenant slams Punch for lack of support

Tenant slams Punch for lack of support

By Ellie Bothwell

A Punch Taverns tenant has hit out at the lack of support from the pub company six months after his outlet was named Best Partnership Pub in the North West at the Great British Pub Awards.

Punch plans to expand Mighty Local model

Punch plans to expand Mighty Local model

By Mark Wingett, M&C Report

Punch Taverns believes there is potential to convert “hundreds” of its sites — both across its core and turnaround estate — to its fledgling wet-led community local model, Mighty Local, subject to clarity on the market rent only option (MRO), the Publican's...

Punch gives guidance to tenants on HMRC machine tax rebates

Punch gives guidance to tenants on HMRC machine tax rebates

By Ellie Bothwell

Punch Taverns has reiterated its position regarding the “several hundred million pounds” collectively owed by pub operators in “overpaid” tax rebates, following more letters sent by HM Revenue & Customs to tenants.

Punch abandons focus on food revenue

Punch abandons focus on food revenue

By James Wallin, M&C Report

Punch Taverns executive chairman Stephen Billingham said the company has abandoned its target of food sales making up 35% of its tenants’ revenue.

Full-year net income up 1.3% at Punch

Full-year net income up 1.3% at Punch

By Mark Wingett, M&C Report

Punch Taverns has this morning reported a 1.3% rise in like-for-like net income across its 2,925-strong core estate – which marks five consecutive quarters of growth, and said it could now focus on improving its business through investment in its pubs...

Punch Taverns rolls out two new formats

Punch Taverns rolls out two new formats

By James Wallin, M&C Report

Punch Taverns is rolling out two new retail formats, which it says will allow it to “become more involved with the running of some sites”.

Jeffrey Bell:

Punch Taverns and the pubco tie - my experience

By Jeffrey Bell

One of the things I was always cagey about when writing about the Gunmakers back in 2009 (the year I became licensee) was the pub's 'tie' to Punch Taverns, writes Jeffrey Bell.

Admiral and Punch rule out managed route

Admiral and Punch rule out managed route

By Ellie Bothwell

Punch Taverns and Admiral Taverns have both ruled out introducing managed divisions alongside their leased and tenanted estates, the Publican’s Morning Advertiser (PMA) can reveal.

Punch Taverns tenants say pubco 'must change'

Punch tenants say pubco 'must change'

By Ellie Bothwell

Punch Taverns bosses have reiterated that it is “business as usual” following the long-awaited completion of its financial restructuring, despite demands for a corresponding rebalancing of its relationship with tenants.

Punch Taverns

Punch Taverns restructure: a timeline

By James Evison

Punch Taverns has finally completed its restructure, two years after the process began. The Publican's Morning Advertiser looks at the timeline of the plans.

Punch names its operator of the year

Punch names its operator of the year

By Ellie Bothwell

Punch Taverns has named John Vassallo, partnership development manager for North London, as its Operator of the Year.

Griffiths in the frame as hunt for new Punch CEO begins

Griffiths in the frame as hunt for new Punch CEO begins

By John Harrington, M&C Report

Punch Taverns chief operating officer Neil Griffiths is a “strong candidate” for the role of chief executive, and the group would look at candidates with retail skills from inside and outside the pub sector, executive chairman Stephen Billingham has said.

Punch restructure edges closer

Punch restructure edges closer

By John Harrington, M&C Report

Punch Taverns’ restructure has edged closer after more creditors gave their backing to its proposals.

Punch pubs embrace apprenticeships

Punch pubs embrace apprenticeships

By John Harrington, M&C Report

A total of 180 Punch Taverns pubs have got involved in the company’s apprenticeship programme, with 42 licensees having taken on new apprentices, the group has said.

Punch Taverns debt restructure launches

Punch launches proposed debt restructure

By John Harrington, M&C Report

Punch Taverns has announced the launch of its restructure, which had been delayed from last Monday, saying that its new structure is set to be in place from 8 October subject to approval from creditors.

Damages awarded against Punch in latest PICAS case

Damages awarded against Punch in latest PICAS case

By Ellie Bothwell

Punch Taverns has been found to have committed technical breaches of its code of practice in the latest case to go through the Pubs Independent Conciliation & Arbitration Service (PICA-Service).

Punch re-launches tenants training programme

Punch re-launches tenants training programme

By Ellie Bothwell

Punch Taverns has re-launched its tenants training programme, after claiming new licensees often “underestimate” the expertise they need to run a successful pub.

Punch Taverns proposes debt-for-equity swap

Punch proposes debt-for-equity swap

By Mark Wingett

Punch Taverns has this morning published details of revised restructuring terms, which differ in a number of ways from the terms of the restructuring launched by the company in January, including a debt for equity swap that would see bondholders take...

Punch hosts World Cup workshops

Punch hosts World Cup workshops

By Ruth Williams

Punch Taverns is inviting its tenants to join one of 47 workshops across the UK to ensure its licensees get the most out of the World Cup.

The Grapes at Lees, Greater Manchester, is a new additional to the Inglenook estate

Inglenook adds five Punch leaseholds

By Mark Wingett

Inglenook Inns & Taverns, the Lancashire-based pub group, has continued its expansion by adding five Punch leaseholds to its estate.

Punch Taverns bondholders vote to waive covenants

Punch Taverns bondholders vote to waive covenants

By Mark Wingett

Talks regarding the restructuring of Punch Taverns are set to continue after the pub company announced this morning that its bondholders had voted in favour of waiving covenants that would otherwise have placed the company in default.

Punch noteholder committee favours covenant waive

Punch noteholder committee favours covenant waive

By John Harrington

A group representing senior Punch Taverns noteholders has signalled its acceptance of the pub company’s request to waive its covenant and avoid default on its debt securitisations.

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