Fuller, Smith & Turner has been expanding, and has just announced some positive trading results for the financial year so far. And the London brewer and pub company is looking to grow its estate further.
In its trading statement for the 16 weeks from 29 March to 18 July 2015, the company said like-for-like sales at its managed pubs and hotels had increased by 5.7%. Profits from the tenanted division had grown by 4%. Total beer and cider volumes remained level.
Fullers has been busy growing its estate since April, with the purchase of the freehold of The King’s Head pub in Earl’s Court and the freeholds of two sites it previously leased, The Blackbird in Earl’s Court and The Stable in Poole. It has also opened The Stable in Plymouth and Winchester and relocated The Stable pub in Bath.
Simon Emeny, chief executive, said: 'The new financial year has started well and we are in robust health. We have exciting plans for the coming months with new openings for Fuller’s Inns and The Stable, as well as a continuation of our substantial programme of investment in our existing estate. In addition, the Rugby World Cup in the autumn – much of which takes place in our West London heartland – provides a focal point for some exciting activity and we are well placed to maximise its potential.'