Enterprise Inns plc, the largest pub owner in the UK, has announced increased annual profits in a “highly competitive” environment.
In the year ending September, the company reported profit before tax and exceptional items of £122million, up £1million on the previous year.
The pub chain owns a host of Lancashire pubs, including the award-winning New Hall Tavern at Samlesbury, near Preston.
The pub was recently named Cumbria & Lancashire regional winner of Enterprise Inns’ Community Heroes Awards 2015.
Publican Rob Povall received £3,000 to spend on future community projects, including a children’s play area.
Enterprise Inns’ Simon Townsend, chief executive officer said: “We are pleased to report further operational progress and a second, successive full year of like-for-like growth in net income across our leased, tenanted and free-of-tie estate. This has been achieved by maintaining a relentless focus on the many operational activities and initiatives with which we are supporting our publicans to improve their profitability.”
He added: “Trading in the first six weeks of the new financial year has been in line with our expectations and continues to maintain our growth momentum.
“While the market in which our pubs operate remains highly competitive, and as we prepare for the implementation of new legislation in 2016, we are encouraged by the continuing momentum of our business, reflecting the exceptional efforts of our publicans and the strength of our relationships with them.”
Like-for-like net income grew by one per cent in the final quarter, resulting in an increase of 0.8 per cent for the full year.