UK inflation last week hit a four-year high of 2.7%, but research from business finance supermarket Funding Options showed that turnover at the UK’s biggest pub operators is growing at a faster rate.
The figures showed that accounts filed up to the end of March 2017 saw the turnover of the 50 largest pub operators rise from £10.26bn to £10.6bn over the past year – an increase of 3.3%.
The 10 largest pubcos, including JD Wetherspoon and Greene King, saw the most pronounced growth, with turnover for these companies increasing by 3.5%.
The next 40 largest companies, which includes Admiral Taverns and Laine Pub Company, saw growth rise slightly slower. The total turnover of these companies rose 2% from £1.42bn to £1.45bn.