Top Track 100

Laurel Pubs, the modern face of the brewing industry, is planning to make a tenth of its 600 pubs non-smoking by the end of this year. The company was created out of Whitbread’s former pubs division, which Morgan Grenfell Private Equity bought in 2001 for £1.6 billion. After a streamlining exercise that disposed of more than 2,000 inns, Laurel’s remaining pubs are estimated to be worth at least £800m. The company has announced its intention to sell its neighbourhood pubs, and will retain about 175, including the high-street chains Hogshead and Casa inns. Its sales reached £394m in 2003.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyLaurel Pubs
ActivityManaged pub operator
Sales £m394
Profit £m73
Year endMar 03
Principal shareholdersMorgan Grenfell (82%)

If applicable:

* Supplied by company † Annualised figure **Estimated