Generally Accepted Accounting Principles

Convivial reports 111% rise in pre-tax profit

Convivial reports 111% rise in pre-tax profit

By John Harrington

Convivial London Pubs, the Enterprise Investment Scheme-funded pub operator, has reported a 111% rise in pre-tax profit to just under £1m for the year to 29 September.

Vianet Brulines reports drop in earnings

Vianet continues installations as leisure earnings fall

By John Harrington

Vianet Group, the beerflow monitoring company previously known as Brulines, has reported a fall in earnings and gross profit in its leisure division for the six months ending 30 September but says it is gaining pace with new installations.

Spirit pre-tax profits rise by 16%

Spirit pre-tax profits rise by 16%

By John Harrington

Spirit Pub Company has reported a 5% rise in full-year EBITDA to £146m and a 16% rise in pre-tax profit to £51m, both before exceptional items, with like-for-like managed sales up 4.8% and like-for-likes in its leased division down 4.9%.

Trust Inns posts sharp profits fall

Trust Inns posts sharp profits fall

By M&C Report

Trust Inns, the c.600-strong pub business owned by leisure magnate Trevor Hemmings, has reported a sharp fall in full-year pre-tax profits after paying higher interest payments and incurring a £1.9m impairment charge following a £6m property value write-down.

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Property of the week

The Lower Chequer

- Tenancy

The Lower Chequer is tucked down Crown Bank in the quaint town of Sandbach, a thriving market town most well-known for its ancient Saxon Crosses...

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