Business Rates
We provide essential coverage of business rates policy and reform, and how it impacts operators across the UK foodservice and hospitality sector. From government relief schemes and revaluation updates to lobbying efforts led by UKHospitality and industry coalitions, this captures the key developments influencing site viability and cost pressures. Whether you run a single high-street restaurant or oversee a multi-site pub or catering group, we explain how changes to the business rates system affect your bottom line, and what you need to know to plan ahead.
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Nov- 2023 -8 NovemberNews
Today’s news in brief – 08/11/23
J D Wetherspoon has reported a 9.5% like-for-like sales growth for the 14 weeks ended 5 November. During this period, bar sales increased by 10.7%, food by 8.2%, and slot machines by 10%. The group’s hotel room sales also saw a 6.2% increase. In the year to date, total sales…
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8 NovemberTrade Associations
UKH urges govt to protect industry following King’s Speech
UKHospitality has urged the government to ensure there are measures in place to protect hospitality businesses from the effects of the cost-of-living crisis, following the King’s Speech yesterday (7 November). The bills outlined by the King included the carryover of the Digital Markets, Competition and Consumers Bills, which aims to…
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Oct- 2023 -30 OctoberBusiness
UK licensed premises drop below 100k for first time in 20 years
The number of Britain’s licensed premises has fallen by nearly a third in the last two decades to below 100,000 for the first time in 20 years, according to new figures from UKH in partnership with CGA by NIQ. At the end of this September, the total number of licensed…
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20 OctoberBusiness
UKH warns of inflation-linked rates rise
With inflation standing at 6.7% in September, UK Hospitality has warned that the hospitality industry could face an additional £234m in business rates, if the government is to go ahead with its planned inflation-linked rise in April. This combination would leave hospitality facing a huge £864m in business rate costs…
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Sep- 2023 -25 SeptemberNews
Today’s news in brief – 25/09/23
The City Pub Group reported a 14% increase in like-for-like sales to £31.7m in the first half of 2023, up from £26.1m in the same period in 2022. Despite inflationary pressures, the pub operator’s adjusted EBITDA remained steady at £3.3m, slightly below the £3.4m reported in H1 2022. The company…
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25 SeptemberPubs and Bars
City Pub Group sales up 14% in H1
The City Pub Group has revealed that like-for-like sales increased 14% to £31.7m in H1, up from £26.1m in H1 2022, the half-year ended 25 June 2023. Despite inflationary pressures, the pub operator’s adjusted EBITDA level was maintained at £3.3m, slightly lower than H1 2022’s total of £3.4m, while adjusted…
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22 SeptemberNews
Comptoir Libanais profits dip amid difficult trading conditions
Comptoir Group, owner of Lebanese and Middle Eastern restaurants, has announced revenues of £14.8m, an increase of 2.1%, for the six months ended on 2 July. Adjusted EBITDA profit was £1m, a decrease of 73.7% compared to 2022, which the group attributes to “a challenging trading environment” dictated by the…
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20 SeptemberPubs and Bars
Arc Inspirations sales jump 7.5% amid expanded estate
Bar group Arc Inspirations has announced an annual sales growth of 7.5% up to £40.8m for the year ended 26 March 2023. Alongside this the company posted an adjusted EBITDA of £3.84m, overcoming economy-wide inflationary and staffing pressures. Company EBITDA for the year was lower than the previous period, which…
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19 SeptemberNews
Today’s news in brief
Canadian restaurant chain Tim Hortons is expanding in the UK using a franchise model to grow its portfolio of 75 restaurants. After five years of testing and learning, the brand plans to open both drive-thrus and high street locations in new towns and cities across the country. Tim Hortons entered…
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19 SeptemberNews
UKH calls on gov to take action on business rates amid pub closures
UKH has warned the government that a commitment to extend business rates relief is essential to avoid further pub closures. New government statistics show that 383 pubs were lost for good in the first six months of 2023. That’s the equivalent of two pubs per day. Wales was the region…
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