Artists impression of Everards Meadows
Everards has announced its end-of-year results revealing that the 172-strong pub estate performed well with trading contribution growing by 2.2 per cent on a like-for-like-basis.
Stephen Gould, Managing Director said: “It has been a very busy year at Everards. I am encouraged that our pub estate and beer brands have performed well in a competitive market. We continue to both attract and retain very talented licensees who as business owners in their own right create independent, competitive and attractive offers to their customers.”
Investment activity has been strong with a £560,000 refurbishment at the Racehorse, Warwick and £150,000 refurbishments at the Forge, Glenfield, Leicester and Sir John Borlase Warren in Nottingham.
The Castle Acres site in Leicestershire, which housed the office and brewery of Everards was sold to The Crown Estate in November for the development of 300,000 square feet of new shops to complement the existing Fosse Park.
The construction programme for the company’s new site in Everards Meadows commenced May 8 2018 with a completion estimate of 2019. The development will include a 70 acre public park, cycle centre, café bar, Everards office, brewery, and brew pub.
Everards has re-located its supply chain functions to a £4.2m purpose-built logistics centre in Glenfield, Leicestershire. Temporary office facilities have also been created here for other departments prior to moving to new offices at Everards Meadows.
Stephen Gould, Managing Director said: “Preparing for the sale of our Castle Acres site has naturally initiated lots of change, but we have sold the site to The Crown Estate; developed a great new Logistics centre at Optimus Point; delivered successful partner brewing relationships; and prepared the way for the construction of Everards Meadows which commenced on May 8 and will include, among other things, a brand new brewery and brew pub.”