Record turnover achieved at Hydes Brewery
Hydes has reported a turnover of £39.3m, up £5m from the previous year.
North west brewer and pub retailer Hydes has announced a record turnover for the financial year 2023-24.
In accounts for the year to 31 March 2024, Hydes reported a turnover of £39.3m, up £5m from the previous year.
The results improve on last year’s previous record turnover figure of £34.1m, which was up £5.8m on 2022’s £28.3m.
Pre-tax profits for the period rose from £2.3m to £2.6m.
Hydes says the turnover increase was due to numerous refurbishment projects, the opening of a new managed site at Heswall and the growth of its contract brewing sales.
"Once again, Hydes has shown resilience, innovation and customer loyalty, resulting in a record-breaking turnover for the second successive year," says Adam Mayers, managing director of Hydes (pictured). "This reflects the brewery's commitment to delivering exceptional products and services and also highlights that investment in our pubs and our people remains a key priority.
"The pub estate [being] maintained to a high standard, quality refurbishments undertaken and the first freehold acquisition in over a decade are all significant factors contributing to ongoing success. Brewery volumes increased sharply and the tenanted estate performed well."
Hydes has a pub retailing estate of nearly 50 pubs across the north west of England and north Wales, comprising 33 managed and 12 tenanted pubs.
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