Blackpool pub company Amber Taverns turns in 7% rise in profits

amber tavernsNORTH West pub owner and operator Amber Taverns has reported a 7% rise in profits to £8.7m on turnover of £64.9m compared with £52.6m in the previous period.

The Blackpool based company, which three years ago underwent an £80m management buyout backed by private equity firms MxP Partners and Blue Bay Asset Management, specialises in wet-led community pubs.

In their report, the directors said that initially the result of the referendum to leave the EU did not adversely affect its trade.

However, since the triggering of Article 50 “more uncertainty is becoming evident within the economy and consumers’ attitude to spending.”

They added: “The directors remain confident that the company’s well-proven formula of a value offer in a modern community pub environment will generate further significant growth in profits in 2017/18 and that the company will continue to develop and expand its offering in the changing economic climate successfully.”

At the end of the period Amber Taverns owned 130 pubs across the North West, the North East, Yorkshire, Wales and the Midlands.

 

 

Source: www.blackpoolgazette.co.uk/news/business/profits-at-8-7m-for-pub-company-1-8701780

Magazine3.com @copy NewspaperTimes - All rights reserved