Admiral pumped over £27m into 300 pubs

By Nikkie Thatcher

- Last updated on GMT

Cash injection: Admiral Taverns has invested more than £20m into its community pubs in 2023
Cash injection: Admiral Taverns has invested more than £20m into its community pubs in 2023

Related tags Admiral Pubco + head office Finance Tenanted + leased

Community pub company Admiral Taverns ploughed more than £27m into refurbishments and updates across its Proper Pubs and tenanted and leased estate in England, Scotland and Wales last year.

The ongoing programme included investments in a number of areas throughout the nation such as Manchester, which received a total sum of £1m across seven pubs while Oxfordshire received £500,000 also across seven pubs.

Manchester’s as the Oddfellows Arms in Eccles, received a £260,000 refurbishment​ in November and the Golden Ball in Littlemore where a £119,000 renovation was undertaken, according to Admiral.

The pub group also said it invested more than £1.5m in a variety of sites in Wales to help improve the offering of its pubs.

Renovation and reopening

By August, the Chester-based pub company had invested £16m​ across its community pub portfolio.

Towards the end of 2023, the group invested almost £700,000 in two pubs in the north east on the same road​.

In the same month (December), it ploughed close to £1m in the renovation and reopening of four pubs.

Admiral Taverns, which has a total estate of 1,600 community pubs across the UK was founded in 2003.

Cornerstone of British life

On the 2023 investments, chief executive Chris Jowsey said: “We are committed to creating long-term, sustainable pubs that sit at the heart of their communities.

“Pubs are a cornerstone of British life and act as so much more than just a place to drink. They are social hives of activity that support all aspects of local life and most importantly, bring people together.

“It is vital we continue to facilitate such an important part of community life by equipping licensees and operators with the correct tools and infrastructure to create thriving businesses.

“The results from these refurbishments are incredible and I wish each of our licensees and operators every success for the future.”

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