Toast to success success
Thursday 15 June 1995
The result, struck before property disposal profits of pounds 419,000, up from pounds 28,000, was the best achieved since Mansfield reorganised and refocused its strategy in early 1991. The emphasis is now on developing greenfield sites - converting redundant bank premises into pubs, greater promotion of beer brands, and greater food sales.
Acquiring and developing more established pubs is also high on the agenda. Mansfield spent pounds 12.5m on 27 pubs in the financial year to 1 April, of which 22 were managed and five were tenancies. The pubs being bought tend to be large premises such as the Hoskins Wharf on the Trent and Mersey Canal. Redevelopment of the site into a family pub will cost pounds 1m.
Borrowings as a percentage of shareholders' funds of pounds 149.7m rose from 43.4 to 48.5 per cent, well within the company's self-imposed ceiling of 65 per cent.
- 1 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 2 Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
- 3 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 4 Grayson Perry: London needs affordable housing because 'rich people don't create culture'
- 5 Kenya bus attack: Al-Shabaab militants kill 28 non-Muslims who failed to recite Koran
Ryan Gosling granted temporary restraining order against a woman 'convinced she was his twin flame'
Jennifer Lawrence sings in new The Hunger Games: Mockingjay Pt 1 clip on YouTube
Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
Woman opens professional cuddling shop – gets 10,000 customers in first week
Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Revealed: How the world gets rich – from privatising British public services
Myleene Klass: Ed Miliband 'strikes back' by comparing UK's need for Labour's mansion tax to Hear'Say track
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