Maclay Group, the Scottish pub and bar operator, is homing in on three more acquisitions as it looks to have a rolling programme of five or more each year, managing director Steve Mallon has told M&C Report.
Maclay Group, the Scottish pub and bar operator, has reported a full-year pre-tax loss of £737,379 against a pre-tax profit of £75,891 in the previous year, after downgrading the value of its 27-strong estate by £0.7m to £14.2m “in line with market conditions”.
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.
GRS Pubs, the c.200-strong pub group formerly owned by London Town, has given assurances that it’s business as usual despite news that the company breached banking covenants on its £33.2m loan facility.
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, 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.
Pub People Company, the 37-strong East Midlands-based group led by Kevin Sammons, has reported a 3.7% rise in EBITDA (earnings before interest, taxes, depreciation and amortisation) for the year to the end of March 2012.
British Country Inns (BCI), the Enterprise Investment Scheme-backed pub company, has reported a narrowing of losses in the year to 28 January and said that non-executive chairman Anthony Miller is to leave his role.