Brakspear posts “solid results” for 2010

August 12, 2011

Family-run JT Davies & Sons Group, owner of the Brakspear pub estate, has reported “solid results” for 2010, despite difficult trading conditions.

The group reported a £3.5m operating profit for the year ending 31 December 2010, in line with the prior year. Chief financial officer David Nathan said, “We’re pleased with this performance, which we think was very respectable in the context of the continued decline in beer sales and pub visits. Our like-for-like sales were in line with those for 2009 and achieved our expectations.”

During 2010, Brakspear invested more than £1million in upgrading and developing four sites, including The Chequers in Marlow, now operated by Tailor Made Steaks and The Owl & Pussycat in Shoreditch, run by Fiveeightzero.  Nathan said, “Investment in the right place, with the right tenants, can turn a struggling pub into a star performer, despite the adverse conditions facing our industry.”

Picture shows: the Chequers, Marlow, one of the pubs in which Brakspear invested in 2010