What the Buzz Is All About
London’s high‑end pub crew, Urban Pubs & Bars (UPB), just scooped up a tidy £6.4 million of group EBITDA for the year that wrapped up on 30 April 2023. That’s a neat 11 % lift compared to last year—think of it like swapping a tepid cup of tea for a punchy double‑espresso.
How the Numbers Stack Up
- 42 venues in total (pubs, bars, restaurants) across the capital.
- Like‑for‑like sales saw a 17 % jump.
- Revenue pushed forward almost a full 60 % to £52.2 million.
Why 2023 Was a Game‑Changer
The previous year was a whirlwind of new sites—UPB snapped up 16 fresh locations, essentially doubling its footprint over just two years. With three bright‑new outlets already roaring in the current fiscal year—Victory at Waterloo, Railway in Putney, and The Junction in Islington—the group is hitting the ground running.
Pushing Through a Post‑Panic Parade
December 2023 was a poster‑child of holiday magic: like‑for‑like sales surged 19 % amid a bustling Christmas rush. London has bounced back to pre‑pandemic buzz, and UPB is reaping the rewards.
Looking Ahead – Beer‑Laced Optimism
Despite the looming economic storm clouds—transport strikes, uncertain forecasts, and the ever‑changing UK economy—UPB’s flagship spots (Nest, Bishopsgate, The Wheatsheaf, Tooting, and The Gatehouse, Highgate) are standing tall. Managing Director Chris Hill, fresh onto the scene, says:
“We’re thrilled with how the numbers stack up. Our pubs, bars, & restaurants are the crème de la crème of London, and we’re still making a handsome profit while keeping the coffers full. We’re optimistic that more openings are on the horizon, and we’re ready to roll out the welcome mats this year.”
In short, the group isn’t slowing down. If you’re in need of a pint (or a brunch), Urban Pubs & Bars has you covered.
