Top Track 100

This is the modern face of the brewing industry. Laurel Pub Holdings was created out of Whitbread’s former pubs division, which Morgan Grenfell Private Equity bought in 2001 for £1.63 billion. After a streamlining exercise that disposed of more than 2,000 inns, Laurel now has 600 pubs estimated to be worth at least £800m. These include the high-street chains Hogshead and Casa inns. Laurel is reported to be considering the acquisition of a further 200 pubs in the next 18 months. The company reported an attractive annualised operating profit of £123m on sales of £576m in 2002, when it had the equivalent of 7,978 full-time staff.

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Company details
CompanyLaurel Pubs
ActivityManaged pub operator
Sales £m †576
Profit £m †123
Year endMar 02
Principal shareholdersMorgan Grenfell (82%)

If applicable:

* Supplied by company † Annualised figure **Estimated