Last year's good summer helped boost pub sales, but increases to business costs continue to hold back profit growth, the Publican's Morning Advertiser's annual Pub Market Report survey has found.
While half of licensees surveyed reported an increase in turnover last year, only 37% said that profits had increased. In contract, 35% of licensees said profits had fallen, against 28% reporting a drop in turnover.
And while the economic climate continued to matter, 44% of all pubs said their biggest cost increases over the past year have come from utility bills, up 10 percentage points on 2012.
Pub running costs
Increases to business running costs are also giving licensees plenty to think about in 2014. On a scale of one to five (one being 'very little concern', five being 'of major concern') respondents scored increasing business costs at 4.3, compared to 3.9 for beer price hikes and 3.8 for the economic climate.
Compliance365's cost effective Pub Efficiency Audits
Compliance365 has an established Energy Efficiency methodology that allows our Energy Consultants to capture and document a building's carbon emissions and details the energy consumption to this audit for completeness.
The building's data is then input into Compliance365 database to create a building modelling and energy reduction simulation. This creates a 'what if' scenario analysis to accurately predict the genuine energy consumption impact of any remedial changes to the building fabric. We can also use this data to assess the new EPC rating impact.
Compliance365's consultants quickly identified 'quick win' low cost investments which would help pubs significantly cut energy costs. Our recommendations could also be rolled out across similar buildings in pub companies' estates.
Compliance365 is an independent energy consultancy. We provide advice and guidance on all our services; how to save energy; how to save money on your energy bills; and ultimately how to become more energy efficient. Our aim is to be as cost effective and flexible as possible for our clients.
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