Forum Topic

Youngs Pubs - 3 August

So it seems that Youngs aren't opening the majority of their pubs until 3 August.  TBC if this is brought forward if the distance is reduced to "1 metre +". This will put so much extra pressure on the remaining pubs in Putney (Arab Boy, PoW, Spencer, Jolly Gardener) although they should at least reap the revenue. Given Arab Boy / PoW has limited outside space does worry me. Potentially Dukes Head and Queen Adelaide may open given their larger outside space? Maybe even Boat House?

Gabrielle O'Mahoney ● 2330d13 Comments

One wonders what they have been doing for the last 12 weeks . Surely they could have done quite extensive preparation for distancing no matter how far it is.

Andy Pike ● 2330d

I agree: I totally understand their reasoning for not opening for takeaways (like Spencer) but you'd think Queen Adelaide, Boat House, Coat & Badges could open - given they are larger pubs.

Gabrielle O'Mahoney ● 2330d

Prince of Wales announced they were closing and not reopening as lockdown started.

Ben Rainbow ● 2330d

A shame the Telegraph is still a building site really.

Alan Sherman ● 2330d

Perhaps they've been doing a cost benefit analysisduring the past few weeks and decided it's not profitable. Although the pubs you mention could be viable, perhaps the cost effectiveness of distributing the Youngams beer is reliant on a minimum number of pubs being opened and there aren't enough to hit that parameter? They are a business that needs to make a profit. 

Michael Ixer ● 2330d

"They are a business that needs to make a profit".Doesn't every business?

Simon Knight ● 2330d

Some, allegedly Trump's, make a loss for tax purposes. Some local operating companies pay so much in "consultancy fees" to the parent company that they make no profit and avoid local taxes ... but yes, ok, in general businesses do although even profitable businesses can be killed by poor cash flow ...

Michael Ixer ● 2330d

PoW has been bought so will be opening up! Do not fear!

Gabrielle O'Mahoney ● 2330d

It's good to see Britain has it's priorities right. British Aerospace might have to shed many jobs but as long as the PoW opens we're fine. Expect to see a photo opportunity soon of Johnson pulling a pint. At least there's a chance he might drink it, unlike Trump's with a Bible that he's unlikely to open ...

Michael Ixer ● 2330d

Young’s is a quoted plc with shareholders dependant on the dividend. No longer a family concern.

Jonathan Callaway ● 2330d

Let's not get into a consultancy fee / BEPS tax discussion! Given Youngs listed status (and mostly UK-UK) I doubt this is a big issue for them. As it is I would very much think they have a TP policy in place.

Gabrielle O'Mahoney ● 2330d

I'm sure their auditors look after the shareholders' interests 🙂 I wasn't querying the probity of Youngs profits, just thgast some companies deliberately avoid making a profit ... 

Michael Ixer ● 2330d

that some ! In answer to Simon 🙂

Michael Ixer ● 2330d