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Published by: Key Note Publications Ltd
Published: Apr. 1, 2007 - 130 Pages
Table of Contents
- Executive Summary
- 1. Market Definition
- REPORT COVERAGE
- Definitions
- Background
- The Big Six Legacy
- The Emergence of the Pubco
- Securitisation and Private Equity
- MARKET SECTORS
- MARKET TRENDS
- Long-Term Trends
- Recent Trends and Events
- ECONOMIC TRENDS
- Population
- Table 1: UK Resident Population Estimates by Sex (000), Mid-Years 2002-2006
- Gross Domestic Product
- Table 2: UK Gross Domestic Product at Current and Annual Chain-Linked Prices (£m), 2002-2006
- Inflation
- Table 3: UK Rate of Inflation (%), 2002-2006
- Unemployment
- Table 4: Actual Number of Unemployed Persons in the UK (million), 2002-2006
- Household Disposable Income
- Table 5: UK Household Disposable Income Per Capita (£), 2002-2006
- MARKET POSITION
- The UK
- Overseas
- 2. Market Size
- THE TOTAL MARKET
- By Value
- Table 6: The Total UK Public Houses Market by Value at Current Prices and by Volume (£m at rsp, number and £000), 2002-2006
- Figure 1: Turnover of Public Houses in the UK at Current Prices (£m at rsp), 2002-2006
- Table 7: Turnover of Public Houses in the UK at Current and Constant 2002 Prices (£m at rsp and index 2002=100), 2002-2006
- By Volume
- Number of Pubs Open
- Figure 2: Number of Public Houses in the UK, 2002-2006
- BY MARKET SECTOR
- Food in the Product Mix
- Table 8: Trends in the Typical Pub Product Mix (£m and %), 1990-2007
- Figure 3: Trends in the Typical Pub Product Mix (%), 1990-2007
- Types of Alcohol in Pubs
- By Type of Pub
- Traditional Versus Modern
- Community Versus Destination
- 3. Industry Background
- RECENT HISTORY
- Consolidation Among Pubcos (Early 2000s)
- Consolidation in the Regions
- Legislation on Licensing and Smoking
- INDUSTRY SYNOPSIS
- Table 9: Financial Results for UK Public Houses and Bars (number, £000, % and £), Latest Financial Year
- NUMBER OF COMPANIES
- Table 10: Number of UK VAT-Based Enterprises Engaged as Bars† by Turnover Sizeband (number and %), 2000, 2003 and 2006
- EMPLOYMENT
- Table 11: Number of UK VAT-Based Local Units Engaged as Bars† by Employment Sizeband (number and %), 2005 and 2006
- REGIONAL VARIATIONS IN THE MARKETPLACE
- HOW ROBUST IS THE MARKET?
- LEGISLATION
- The Beer Orders
- Licensing Act 2003
- Smoking Legislation
- Other Legislation
- KEY TRADE ASSOCIATIONS
- The Association of Licensed Multiple Retailers
- British Beer & Pub Association
- Independent Family Brewers of Britain
- 4. Competitor Analysis
- THE MARKETPLACE
- Table 12: Pub Ownership by Type of Owner (number of pubs and %), 2007
- MARKET LEADERS
- By Number of Pubs
- Table 13: Leading Pub Owners by Number of Pubs, 2005-2007
- By Turnover
- Table 14: Leading Managed Pub Estates by Number of Pubs, 2007
- Leading Regional Brewers
- Table 15: Leading Regional Brewers by Number of Pubs Owned, 2007
- Mitchells & Butlers PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Punch Taverns PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Enterprise Inns PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Admiral Taverns Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- JD Wetherspoon PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Greene King PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Marston's PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Other Companies
- County Estate Management Ltd/Pubfolio
- Orchid Group Ltd
- R20/Rotch Group
- Scottish & Newcastle Pub Enterprises Ltd
- Trust Inns Ltd
- Wellington Pub Company PLC
- Whitbread Group PLC
- Other Managed House Groups
- Other Leased Pub Groups
- OUTSIDE SUPPLIERS
- Beer Supply
- Table 16: Leading Brewers and Their Major Beer Brands, 2007
- Other Suppliers
- MARKETING ACTIVITY
- Main Media Advertising Expenditure
- Table 17: Main Media Advertising Expenditure on Pubs† (£000), Year Ending September 2006
- Other Marketing and Promotion
- 5. Brand Strategy
- OVERVIEW
- Background to Pub Marketing
- Branded Multiples
- 6. Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- 7. Buying Behaviour
- PUB USAGE
- Table 18: Pub Usage in Great Britain by Time and Purpose of Visit (% of respondents), 2002, 2006 and 2007
- Consumer Penetration
- By Time of Visit
- During Weekends and Day Trips
- Table 19: Regular Pub Users During Weekends and Day Trips (% of respondents), 2007
- At Lunchtime and After Work
- Table 20: Regular Pub Users At Lunchtime and After Work (% of respondents), 2007
- By Purpose of Visit
- Eating Meals and for Celebrations
- Table 21: Regular Pub Users for Eating Meals and for Celebrations (% of respondents), 2007
- Meeting Friends and Family Occasions
- Table 22: Regular Pub Users for Meeting Friends and Family Occasions (% of respondents), 2007
- For Entertainment, Watching Sports and Pub Quizzes
- Table 23: Regular Pub Users for Entertainment, Watching Sports and Pub Quizzes (% of respondents), 2007
- ATTITUDES TOWARDS PUBS
- Table 24: Changes That Consumers Would Like to See in Pubs (% of respondents), 2007
- Consumer Penetration
- Current Issues
- Table 25: Attitudes Towards Underage Drinkers, Binge Drinking and Smoking in Pubs (% of respondents), 2007
- General Improvements
- Table 26: Attitudes Towards Better-Maintained Toilets, a Return to Tradition and Better Food in Pubs (% of respondents), 2007
- 8. Current Issues
- SUPERMARKET PRICES
- SMOKING BANS
- NEW LICENSING REGIME
- MERGERS AND ACQUISITIONS
- 9. The Global Market
- OVERVIEW
- 10. Forecasts
- INTRODUCTION
- The Economy
- Population
- Table 27: Forecast UK Resident Population by Sex (000), Mid-Years 2007-2011
- Gross Domestic Product
- Table 28: Forecast UK Growth in Gross Domestic Product in Real Terms (%), 2007-2011
- Inflation
- Table 29: Forecast UK Rate of Inflation (%), 2007-2011
- Unemployment
- Table 30: Forecast Actual Number of Unemployed Persons in the UK (million), 2007-2011
- FORECASTS 2007 TO 2011
- Table 31: The Forecast Total UK Public Houses Market by Value at Current Prices and by Volume (£m at rsp and number), 2007-2011
- MARKET GROWTH
- Figure 4: Turnover of Public Houses in the UK at Current Prices (£m at rsp), 2002-2011
- Figure 5: Number of Public Houses in the UK, 2002-2011
- FUTURE TRENDS
- Smoking Bans
- Food in Pubs
- Sports Events
- Gambling Reform
- 11. Company Profiles
- Admiral Taverns Ltd
- Enterprise Inns Plc
- Greene King Plc
- JD Wetherspoon Plc
- Marston's Plc
- Mitchells & Butlers Plc
- Punch Taverns Plc
- Scottish & Newcastle Plc
- 12. Company Financials
- 13. Consumer Confidence
- METHODOLOGY
- KEY FINDINGS THIS QUARTER
- THE WILLINGNESS TO BORROW
- Confidence Improves
- Table A: The Average Amount Consumers Are Willing to Borrow in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), February 2006-2007
- Willingness to Borrow Slips Slightly
- Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), February 2006-2007
- SPENDING FROM SAVINGS
- Slight Increase in Spending from Savings
- Table C: The Average Amount Consumers Are Willing to Spend from Savings in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), February 2006-2007
- Saving Grows in Relative Importance
- Table D: The Average Amounts Adults Are Confident Spending to Purchase Expensive Items (£ and %), February 2006-2007
- 14. Further Sources
- Associations
- Publications
- General Sources
- Government Publications
- Other Sources
- Bisnode Sources
AbstractPublic houses all over the UK will be smoke-free by July 2007 following government announcements that England, Wales and Northern Ireland will follow the lead taken by Scotland in banning smoking.
Since March 2006, smoking in public places has been outlawed in Scotland. Most Scottish pubs have experienced a decline in sales, as the majority of regular pub-goers are smokers. However, the impact has not been as bad as once feared, because Scottish pubs are attracting more non-smokers and the outdoor smoking areas, in summer at least, can be sociable for drinkers.
The real benefit of the smoking bans will be to drive up sales of food even further. Since 1990, the share of average pub turnover taken by food and soft drinks has risen from under 10% to nearly 25%.
In 2006, total UK pub turnover was £16.35bn at retail selling prices (rsp), a rise of 1.9% on 2005, but this is likely to decline slightly in the wake of the smoking bans. The number of pubs open has already started to decrease, although this has been a gradual process (from 60,000 in 2004 to 57,500 in 2006), and there has been no shortage of companies (pubcos) prepared to buy up the estates put on the market by brewers, the traditional pub owners.
The largest pubcos are Punch Taverns and Enterprise Inns, with approaching 17,000 pubs between them, although their outlets are typically small, leased pubs. By turnover, the largest company is Mitchells & Butlers (with 1,950 pubs and sales of £1.72bn in 2006), which specialises in owning larger, managed pubs, and has branded chains such as O'Neill's, Harvester and All Bar One. Other major players are JD Wetherspoon, which is familiar on most high streets, and two regional brewers, Marston's and Greene King.
Consumer usage of pubs has not changed dramatically, even since the introduction of the new Licensing Act, which allowed pubs to stay open longer (from November 2005). Generally, the public prefer a traditional type of pub and the threat of `24-hour drinking' never materialised. This suggests that pub usage may again find an equilibrium in the wake of the smoking bans.
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