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Mon 11th Sep 2023 - Exclusive: St Austell acquires The Bath Pub Company |
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Exclusive – St Austell acquires The Bath Pub Company: St Austell Brewery has acquired The Bath Pub Company, Propel has learned. The deal, for an undisclosed amount, sees St Austell take over the operation of The Bath Pub Company’s four sites, further growing and strengthening its 184-strong West Country pub estate. The Locksbrook Inn, The Moorfields and The Hare & Hounds bring the total number of sites in St Austell’s managed pub estate to 43. The Marlborough Tavern is now part of the company’s leased and tenanted estate and will continue to be operated by Justin Sleath, The Bath Pub Company’s co-founder and commercial director. St Austell chief executive Kevin Georgel said: “We’re proud to become the new owners of such a high-quality and well-respected pub company in Bath. We are fully committed to developing the quality and size of our pub estate. As such, we are investing significantly in our existing pubs, while also acquiring new sites and businesses such as The Bath Pub Company. The Locksbrook Inn, The Moorfields, The Hare & Hounds and The Marlborough Tavern all have a strong alignment with our long-term plans and are a perfect fit for us in terms of market and consumer positioning.” Joe Cussens, managing director and co-founder at The Bath Pub Company, added: “Justin and I are very confident that, as a company which shares our values, St Austell is the custodian best suited for the next stage of The Bath Pub Company’s development. We’re very proud of the business as it is today and know St Austell has the resources and know-how to grow it further to release the full potential of the pubs in the years to come.” The acquisition further strengthens St Austell’s presence in and around Bath, where it already owns four tenanted pubs – The Griffin, The Swan, The Hop Pole and The Salamander. The company also acquired Bath Ales in 2017, a deal which included a brewery in Warmley and a local distribution network. Earlier this year, St Austell announced a joint venture with the directors of ETM Group to launch a series of premium sports bars in the West County – Ludo Sports Bar & Kitchen. The first Ludo site opened in Bath this summer. St Austell Brewery features in the Propel Turnover & Profits Blue Book, the latest edition of which was sent to Premium subscribers on Friday (8 September). Its turnover of £156,000,000 for the year to 1 January 2022 is the 53rd highest in the database. Its pre-tax profit of £10,515,000 for the year to 1 January 2022 is the 47th highest in the database. The Blue Book ranks companies by turnover, profit and profit conversion, listing directors’ earnings for the past five years. Companies can now have an unlimited number of people receive access to Propel Premium for a year for £995 plus VAT – whether they are an operator or a supplier. The single subscription rate is £495 plus VAT for operators and £595 plus VAT for suppliers. Email jo.charity@propelinfo.com to upgrade your subscription.
New government-backed employment programme launches to help fill vacancies in hospitality sector: Job seekers are now able to access a new government-backed employment programme designed to fill vacancies in the hospitality sector. The pilot scheme, set to launch in Liverpool before being rolled out to other major cities across England and Wales including London, Manchester and Birmingham from October, will see benefit claimants gain an industry recognised accreditation, endorsed by sector companies including brewer and retailer Greene King, Marriot Hotels and ACC Liverpool. The Hospitality Sector-based Work Academy Programme combines a unique programme of learning launched by the Department for Work and Pensions (DWP) in collaboration with UKHospitality. The scheme is designed to provide tailored training for job seekers from industry experts, helping them move into careers in the sector. Benefit claimants will complete qualifications and accredited training in areas such as health and safety, food safety, licensing and conflict resolution to add to their hospitality skills passport – a digital pass that can be added to CVs. They will also complete work experience placements with some of the industry’s largest employers, and the programme will culminate with a guaranteed job interview for all participants. Minister for employment, Guy Opperman, said: “This innovative collaboration between DWP and UKHospitality is a national first and underscores our commitment to work with industry to address challenges, fill vacancies and grow the economy. The standardised and industry backed hospitality skills passport will help bridge the gap for those looking for work in the hospitality sector, helping jobseekers to boost their skills and kickstart their careers.” UKHospitality chief executive Kate Nicholls added: “Hospitality is a fantastic sector that offers a diverse variety of career opportunities, which is why it’s so well suited to helping people back into work. We’re delighted to be partnering with the government to help run this exciting programme, which we hope can be a real positive for both job seekers and businesses.”
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