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Thu 22nd Jan 2026 - Young’s states intention to move to London stock exchange main market as it reports ‘very strong’ Christmas |
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Young’s states intention to move to main market of London stock exchange as it reports ‘very strong’ festive trading: Young’s is to apply to move from AIM to the main market of the London stock exchange as it reported like-for-like managed revenue is up 5.4% year to date on the back of “very strong” festive trading. The company stated: “Trading was very strong over the Christmas and new year period, with like-for-like sales for the three-weeks to 5 January increasing by 11.2%, against a very strong prior year comparator. On key days, including Christmas Eve, Christmas Day and Boxing Day, trading was particularly good with like-for-likes up 12.3%, and the former City Pub estate delivering 26% growth over Christmas and Boxing Day, reflecting the impact of its alignment with the wider Young's proposition since acquisition. Total managed revenue for the 14 weeks ending 5 January was up 5.6% and, on a like-for-like basis up 5.7%, building on the positive momentum reported in our interim results statement in November. Our year-to-date managed revenue like-for-like position now stands at 5.4%. This performance is a further demonstration of Young's strategy of continued investment in its premium and differentiated estate.” The company also announced its intention to apply to the Financial Conduct Authority (FCA) for its shares to be admitted to the official list and to trading on the main market of the London Stock Exchange. Young’s stated: “The company has grown considerably both in size and performance in recent years, as further evidenced by today's update on trading. The board believes that admission will enhance the company's corporate profile and appeal, including facilitating investment in the company by a broader group of UK and global institutional shareholders, reflecting the strength, resilience and growth potential of our business model and market position. Our proven strategy of operating premium, individual, and differentiated pubs continues to deliver robust top-line growth, supported by ongoing investment and a disciplined approach to capital allocation. We remain focused on delivering industry leading margins through operational leverage across our well invested pubs, while maintaining healthy cash generation and a clear path to further deleveraging. With our strong balance sheet, we will continue to invest in growth and, as appropriate, return surplus capital to shareholders to drive attractive returns. Admission is subject to the approval by the FCA of a prospectus and admission to the official list and admission by the London Stock Exchange to trading on the main market. The company intends for admission to occur in the second quarter of 2026, at which time the company's listing on AIM is expected to be cancelled. Admission is not conditional upon shareholder approval. The company will provide a further update on the timeline and process for admission in due course.” Young’s chief executive Simon Dodd said: “We are delighted with the outstanding trading performance in our pubs over the festive period. Once again, this demonstrates the ongoing appeal of our premium, well-invested offer and another amazing contribution from the talented and hard-working team at Young's. During the six weeks of the festive period, we recorded our highest ever sales in one day, setting multiple daily and weekly records across our estate. Young's remains well-positioned to withstand the well-publicised headwinds facing our sector. We continue to invest in and innovate across our premium estate. We are focused on controlling the controllable and continuing to give our customers a great reason to come to our pubs. Over the last two decades, AIM has provided a highly supportive environment for Young's, helping us to realise our growth ambitions and secure vital funding, especially during the difficult period of the pandemic. We are very proud of the growth we have achieved and believe a move to the main market is a natural and exciting next step for Young's, and one that will open the door to a wider group of investors.”
Premium Club subscribers to receive next Who’s Who of UK Hospitality on Monday: The next Who’s Who of UK Hospitality will be released to Premium Club subscribers on Monday (26 January), at midday. Another 105 companies have been added to the database, which now features 1,387 companies. This month’s edition also includes 375 updated entries. The companies, listed in alphabetical order, will have their most recent developments reported as well as broader information around Ebitda, plans and trading style available. The database merges Companies House information, interviews and other public information to provide an easy to reference and exhaustive guide to the sector. Premium Club subscribers also receive access to five other databases: the Turnover & Profits Blue Book, the Multi-Site Database, the New Openings Database, the UK Food and Beverage Franchisor Database and the UK Food and Beverage Franchisee Database. All Premium Club subscribers will be offered a 20% discount on tickets to Propel paid-for events and discounts on specialist sector reports. Operators that are Premium Club subscribers are also able to send up to four members of staff to each of our four Multi-Club Conferences for free. Premium Club subscribers receive their daily Propel Info newsletter 11 hours earlier than standard subscribers, at 7pm the evening before. They also receive videos of presentations at eight Propel conference events two weeks after they are held. This represents around 100 videos of industry insight over the course of the year. Premium Club subscribers also receive exclusive opinion columns every Friday at 5pm, which include the thoughts of Propel chief operating officer – editorial, Mark Wingett, and a host of industry leaders from across the sector. A Premium Club subscription costs an annual sum of £495 plus VAT for operators and £595 plus VAT for suppliers. Companies can now have an unlimited number of people receive access to Premium Club for a year for £995 plus VAT – whether they are an operator or supplier. Email kai.kirkman@propelinfo.com today to sign up.
Hotel company Veladail sees losses widen: Hotel company Veladail saw its pre-tax losses widen in the year to 31 December 2024. The company, which operates hotels in Central London and Hatfield and a golf course in Watford, alongside a property portfolio, posted a pre-tax loss of £2,836,719 versus £1,153,372 the previous year, as the business faced increased costs of operation, supply shortages, a tight labour market and instability in the property market. The group made a loss after taxation of £3,661,189 (2023: £1,628,251), which included the recognition of deferred tax amounting to £786,089. The company’s turnover increased from £22,661,776 to £25,301,494. The group said that it had adapted to sector challenges and had managed to “navigate through the difficulties”. It said: “Despite the obstacles, the group has shown resilience and has successfully adjusted its operations to meet the evolving demands of the post-covid environment.”
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