Wetherspoons closes more pubs with dozens across Britain earmarked for closure.. is your local calling last orders?

Wetherspoons closes more pubs with dozens across Britain earmarked for closure.. is your local calling last orders?

1 Aug    Finance News, News

More Wetherspoons pubs are set to pull their final pints this year with 22 at risk of calling their last orders.

Two more locations are now confirmed to have closed, or be shutting soon; The Bankers Draft in Eltham, London is set to shut its doors on August 20, while The Saltoun Inn in Scotland shut up shop on July 30.

The total of Wetherspoon pub closures this year now stands at 29.

The hospitality company – which has 827 pubs throughout the UK – said ‘almost all’ of the pubs facing closure were located nearby another Wetherspoons.

Their recent pre-closure trading update suggests the closures were due to ‘difficult trading circumstances for the hospitality industry in recent years’ and comes on the day that the government’s Brexit Pubs Guarantee, announced in the Chancellor’s Spring Budget securing the pledge that pubs will always pay less alcohol duty than supermarkets going forwards, came into effect.

Boss Tim Martin, said that customers are opting to stay at home and drink cheap supermarket beer instead of going out to their locals.
The pub chain has denied that its series of pub closures was ‘a money raising exercise’.

The 13 Wetherspoon pubs listed as under offer and are at risk of shutting their doors are:

The Alfred Herring – Palmers Green
The Cross Keys – Peebles
General Sir Redvers Buller – Crediton
The Butlers Bell – Stafford
The Percy Shaw – Halifax
Foxley Hatch – Purley
Asparagus – Battersea
Millers Well – East Ham
Hudson Bay – Forest Gate
Capitol – Forest Hill
The Bankers Draft, Eltham – set to shut on August 20
The Widow Frost – Mansfield
Coronet – London

An additional nine pubs are listed as for sale, which means they could close for good, but at the moment they continue to operate as usual:

Wrong ‘Un – Bexleyheath
Jolly Sailor – Hanham
Resolution – Middlesbrough
The Rising Sun – Redditch
Sennockian – Sevenoaks
Lord Arthur Lee – Fareham
Plough & Harrow – Hammersmith
Moon on the Hill – Harrow
The Sir John Arderne – Newark

These 22 potential closures aren’t a first for the chain, as last September the company announced it would put 32 of its pubs up for sale

Among those 29 already closed are The Silkstone Inn in Barnsley, Angel in Islington, and Postal Order in Worcester

The pub chain has opened three new venues this year and the chain is setting their sights ahead to the next financial year.

In a pre-close trading update published in July, Tim Martin, said: ‘The company expects profits in the current financial year to be in line with market expectations

‘As a result of a continued improvement in sales and a slightly reduced expectation for cost increases, for example energy costs, the company anticipates an improved outcome for the next financial year.’

The 29 Wetherspoons that have already closed

The John Masefield – New Ferry
Angel – Islington
The Silkstone Inn – Barnsley
The Billiard Hall – West Bromwich
Admiral Sir Lucius Curtis – Southampton
The Colombia Press – Watford
The Malthouse – Willenhall
The John Masefield – New Ferry
Thomas Leaper – Derby
Cliftonville – Hove
Tollgate – Harringay
Last Post – Loughton
Harvest Moon – Orpington
Alexander Bain – Wick
Chapel an Gansblydhen – Bodmin
Moon on the Square – Basildon
Coal Orchard – Taunton
Running Horse – Airside Doncaster Airport
Wild Rose – Bootle
Edmund Halley – Lee Green
The Willow Grove – Southport
Postal Order – Worcester
North and South Wales Bank – Wrexham
The Sir John Stirling Maxwell – Glasgow
The Knight’s Templar – London
Christopher Creeke – Bournemouth
The Water House – Durham
The Worlds Inn – Romford
The Saltoun Inn – Fraserburgh

See also  US Launches Strikes in Syria, Iraq | Balance of Power

Leave a Reply

Your email address will not be published. Required fields are marked *