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 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...
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.
Punch Taverns has called a meeting with bondholders to vote on a request to waive its debt covenant to “avoid a near-term default” on its securitisations.
Punch Taverns is unable to guarantee that tenants’ deposits would be secure in the event of a default on its £2.3bn debt mountain, but suggested it would be highly unlikely that an administrative receiver would not protect the funds.
Punch Taverns tenants have expressed their anger after the pub company recruited a third party agency to carry out surprise stock audits in its pubs, as part of a fresh crackdown on licensees buying outside the tie.
Punch Taverns has written to Prime Minister David Cameron refuting accusations made against the company by MP Greg Mulholland during Question Time in the House of Commons last week.
Punch Taverns has defended its decision to help draft some of the letters sent by tenants to the Government in support of the pub company for the consultation into plans for a statutory code for pub companies.
The Association of British Insurers (ABI) Special Committee of Noteholders has rejected the restructuring proposals put forward by Punch Taverns last month but said it was prepared to work with the tenanted pub operator “to reach a quick & efficient...
Punch Taverns has this morning said that its average profit per pub is stable and overall profit performance is in line with management expectations, while discussions regarding a financial restructuring of the business were ongoing.
Punch Taverns is to launch a number of initiatives for its pubs over the coming months including free Wi-Fi, a mystery shopper programme and new regional launch managers (RLM) to oversee new investments.
Punch Taverns has reported an improved performance in both its managed and tenanted pub divisions for the 12 weeks to 28 May, with the company citing...
Punch Taverns has confirmed that a de-merger of its managed arm is one of the options it is considering as part of its strategic review, the results...
Punch Taverns has fired a warning shot to bondholders that it may hand back the keys to 5,000-plus leased pubs, unless they offer flexibility on debt...
Punch Taverns has offered further concessions to new licensees to tempt them to sign up to three new leases it's offering. The company launches the leases officially in its south-east region next week.
Punch will reward 100 tenants and lessees for outstanding pub management through its Pub Excellence Awards, launched last month. Each month for four...
Roger Whiteside, Punch Taverns' leased estate boss, believes the pubco's new code of conduct will drive a "fundamental behavioural shift" in the way...
Busy location on coastal main road
Extensively renovated detached public house
Five trade areas (100)
Sizeable refurbished 4-5 bedroom accommodation
Newly created beer garden (125)
Established and popular business...
