Young’s Brewery makes a ‘strong start’ to the year

Young & Co’s Brewery has reported a “strong start” to its financial year at its annual general meeting this morning.

Young’s, which recently acquired three more freehold pubs within the London area, reported its managed house sales for the first 13 weeks of the year are up 10.7%, compared with the same period last year.

Nick Bryan, chairman of Young & Co.’s Brewery, said: “We have made a strong start to the current financial year with trading in line with our expectations. Managed house sales for the first thirteen weeks are up 10.7% in total compared with the equivalent period last year, and up 6.8% on a like-for-like basis.

“I am also pleased to report that within the last fortnight we have acquired three further freehold pubs within our London heartland.

“Our well located and invested estate together with our premium positioning as regards both product and service standards have enabled us to make strong progress against last year. Although remaining realistic about the economic outlook and consumer confidence, our recent performance demonstrates our ability to meet challenges that emerge and we are confident about our future prospects.”

The three new pubs were acquired from Enterprise Inns.