Upham Group announces half year results

Upham Group announces half year results

Upham Group has revealed its unaudited interim statement for the six months ended 2 July 2017.

Total sales were up 24.8% from £5.7m to £7.1m, while gross profit grew 23.6% from £4.2m to £5.2m. Pub sales went from £5.5m to £6.9m, a 25.9% increase, while the company reported an EBITDA of £344,000 – an increase of 228.2% from £105,000. The estate was valued at £45.3m.

During this time, the company acquired The Weighbridge Brewhouse in Swindon for £3.3m in February, added five new luxury log cabins at The Thomas Lord, and opened four further bedrooms at The Mill at Gordleton. This takes the group’s total number of bedrooms to 158.

“It has been a good six months for the Upham Group, in which we have seen significant activity and progress,” says Chris Phillips, CEO of Upham. “We have been extremely pleased by the reception of our first craft beer, UB5, and the performance of our newest addition to the portfolio, the Weighbridge Brewhouse. We continue to assess acquisition opportunities where we believe we can maximise revenue streams, and look forward to further building our estate so that even more customers can enjoy our premium pubs and beers.”

To read Pub & Bar’s operator profile on Upham Group click here.