Brakspear posts slim profit for 2010

11 August 2011 by
Brakspear posts slim profit for 2010

Family-run pub company Brakspear has reported "solid results" for 2010, despite difficult trading conditions.

The group reported £3.2m operating profit before tax for the year ending 31 December 2010. Director David Nathan said: "This was a solid performance in light of the continuing decline in beer sales and pub visits."

Profit was down marginally on the previous year (£3.4m) but like-for-like sales were in line with "the previous year and in line with our expectations," added Nathan.

Brakspear has a 144-strong tenanted estate and the company invested more than £1m on upgrading and developing four sites over the past year. During the year, it also increased its product range "to enable operators to offer a wider selection to appeal to their specific customer base", according to Nathan.

Brakspear makes two new appointments to operations team >>

Brakspear tests ‘bedroom blueprint' in £250k pub refurb >>

Brakspear's reopened sites help lift Q4 sales 12% >>

By Emily Manson

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