Pub and brewery firm The Liberation Group has reported an “encouraging” start to the year, with the impact of the energy crisis and inflation on its finances “beginning to calm”.
The Jersey-based parent company of West Country beer and hospitality brand Butcombe oversees an estate of around 140 pubs, made up of managed and tenanted sites, with accommodation of more than 400 rooms.
The firm previously warned its utility bills were set to double and slammed the government and suppliers over the handling of the energy crisis. In a trading update, the company said while it had taken a "significant" hit from rising energy costs, which was "not sustainable" to pass on to customers, it could see “a route to a lower cost level” towards the end of this year and next year.
