Wear Inns has a new man at the top as the firm unveils a record year of growth with annual results expected to show both sales and profits well ahead of expectations.
The Castle Eden company’s board confirmed Simon Duckworth as Managing Director on a permanent basis – the finance director had been interim MD since the sudden death of founder John Weir in August last year.
John Weir’s sad death last August left all of us feeling bereft and uncertain about the future, but everyone has pulled together and carried on.Simon Duckworth
Full year results are due out later this year but strong sales in food and drink are expected to push turnover past £14million, up from £13.6million to the end of March 2016,a 3.5% increase in like-for-like sales contributing to a 12% rise in profits.
Simon Duckworth revealed plans too invest significantly in the existing estate, enhancing and refreshing the offer across the firm’s 25 pubs in the North East and Yorkshire as he paid tribute to John Weir and the way in which the company’s 300-strong workforce had reacted to his sudden death.
“It has been a momentous year in several ways,” he said Duckworth.
“John Weir’s sad death last August left all of us feeling bereft and uncertain about the future, but everyone has pulled together and carried on, and the anticipated results for the year are a testament to the fact that John had built an efficient and robust business.
“As the new Managing Director it remains my intention to continue to run the business the way John would have wanted, and to maintain the same philosophy of providing excellent amenities, service and value to customers, and an excellent place to work for employees.”
He is looking forward to spending more time off site in the pubs to stay in touch with the needs of the business.
The firm has no plans for further expansion, though will consider any opportunity which fits with its strategic objectives and geography.
In the last year two pubs have been sold and one bought.