Renting

Punch: need for greater transparency

Punch: we need to evolve our model

By The PMA Team

Punch Taverns leased pub business model needs to evolve, new head of the division Roger Whiteside has told City analysts. It is estimated that 20% of beer volumes have been lost in the sector in the past 18 months.

Enterprise: some have backed their pubco

Enterprise lessees defend their pubco

By MA Reporter

Several Enterprise lessees have defended the pubco in emails to the Morning Advertiser amid criticism about how it operates. Attacks on pubcos and...

Pearsell managed to get a fifth off price of pub

Freehold discount for ex-Punch host

By Gemma McKenna

A former Punch tenant who bought his pub's freehold managed to negotiate a 20% discount off the asking price. Dean Pearsall, of Saltwells Inn,...

Payne: tenants need bigger discounts

'Fairer discounts can save the beer tie'

By Ewan Turney

The beer tie can survive as long as licensees are given a bigger share of the discounts — that's the view of FLVA chief executive Tony Payne.

Wellington Pub Company: shortage of experienced tenants

Lack of solvent tenants hits Wellington

By The PMA Team

The 829-strong Wellington Pub Company estate is seeing a shortage of "experienced and solvent tenants", management company Criterion Asset Management...

Greene King: 12-month tenancy options

Greene King gets rid of cooling-off

By John Harrington

Greene King has abandoned cooling-off periods for in-coming licensees in favour of 12-month stand-alone tenancies to give hosts a flavour of running...

Pring: win-win situation

A fairer way of settling rents

By Andrew Pring

Tenants feeling hard done by in rent reviews could be a thing of the past as the BII moves to take its affordable arbitration scheme forward, says Andrew Pring.

Brakspear rolls out new tenancy agreements

Brakspear rolls out new tenancy agreements

By John Harrington

Brakspear Pub Company plans to move most of its tenants onto its new longer six-year agreements that offer new discounts. Barrelage discounts of up...

Enterprise: gas safety warning

Gas-test warning for licensed trade

By Gemma McKenna

Enterprise Inns has warned licensees on leases of more than seven years that they are responsible for gas safety testing. The warning comes amid...

Power: selling two Enterprise leases

Tuppen: Power's done well from tie

By The PMA Team

Enterprise Inns boss Ted Tuppen has claimed that Fair Pint sponsor Vince Power has done well financially from the two Enterprise sites he leases.

Greene King: tough trading ahead

GK warns of extreme trading conditions

By Ewan Turney

Greene King has reported that the "health measures" of its tenants remain broadly unchanged despite warning that they face "the most extreme trading...

Enterprise Inns: short and simple leases

Enterprise tenancy offers more scope

By Tony Halstead

Enterprise Inns has made major changes to its basic tenancy agreement to meet growing licensee demands for a more flexible trading deal.

Pubcos: claim they have acted after TISC

Pubcos: case for the defence

By John Harrington

Pubcos defended their treatment of tenants and rejected calls for the beer tie to be scrapped during a heated hearing in December.

Thwaites: tough decisions

Thwaites converts managed pubs to lease

By Tony Halstead

Lancashire brewer Daniel Thwaites is to convert 37 managed pubs to lease and tenanted operations in a bid to "simplify its business." A further five...

Thwaites: new deal for tenants

Thwaites starts new deal

By Tony Halstead

Regional brewer and pub operator Daniel Thwaites has launched a new tenancy agreement aimed at giving its licensees new essential tools to trade in a...

Punch: 45 sites returned from Orchid

45 Orchid sites revert to Punch

By Mark Stretton, M&C Report

Punch Taverns has taken back — and closed — 45 leasehold sites from administrators to the collapsed Orchid pub business, M&C Report has learnt.

Orchid

Punch Taverns likely to see pubs revert

By The PMA Team

Punch Taverns is likely to see a number of leased pubs revert in the wake of the administration of Orchid Pub Company. There are 48 pubs currently in...

Thwaites

Thwaites launches new tenancy agreement

By Tony Halstead

Regional brewer and pub operator Daniel Thwaites has launched a new tenancy agreement aimed at giving its licensees new essential tools to trade in a...

Bish: changes must be made

'Pubco model not working well'

By Ewan Turney

The pubco model is not working well, especially in the current economic climate, and the beer tie should be phased out, MPs were told by ALMR boss Nick Bish.

Anand: tough conditions ahead

Greene King: £1.8m on tenant support

By Ewan Turney

Greene King splashed out £1.8m in helping its tenants overcome one of the "toughest trading periods for many years" in the 24 weeks to 19 October...

Greene King is leading the evolution of model

Greene King's brave new pubco model

By Andrew Pring

Greene King Pub Partners is to offer a range of new terms, including going partially free of tie, in a bold move to support incoming licensees and attract more entrepreneurs and multiple lessees.

Radio host Peter White (L) with Steve Corbett and Mark Hastings

Fair Pint clash with BBPA

By Ewan Turney

The Fair Pint campaign group clashed with the British Beer and Pub Association (BBPA) in a minor skirmish ahead of the main battle at Westminster later this month.

Thorley: leased system is robust

'Punch tenants earn 70% above average wage'

By Ewan Turney

Punch tenants earn around 70% more than the average full-time adult worker, according to chief executive Giles Thorley — Punch's earnings per leased pub are up 4% to £64,000 on last year.

Questions have been asked of major pubcos

Experts query pub rents

By The PMA Team

Two of the industry's most senior valuers, Barry Gillham of Fleurets and Rodger Vickers of Brownhill Bateman, have called into question whether the current rent-setting methods are sustainable in bottom-end pubs.

Charity: leaseholds caused problems

How over-rented leased pubs took their toll on Cains

By The PMA Team

A copy of administrator PricewaterhouseCoopers' (PwC) information memorandum on Cains Beer Company reveals some compelling statistics on why the company failed at the start of August, says The PMA Team.

Thorley: No problems letting pubs

Punch denies letting problems

By Ewan Turney

Punch boss Giles Thorley has denied claims that the pubco is struggling to let pubs despite a weekend report that around 1,400 of its pubs are looking for new tenants.

Punch: Helping licensees reduce prices

Punch unveils new help plan

By Ewan Turney

Punch Taverns has unveiled a new discount scheme to help tenants fight back against cheap drinks deals from managed houses — with the scheme already in place at around 300 pubs.