Bondholder News / Updates

A strategy for sustainable growth

Punch is a leading pub company in the UK with around 1,300 pubs. We have established a nationwide commercial property estate through selective acquisition and disposal, focusing primarily on freehold premises with sustainable cash generative potential, financed using listed debt.

Alongside the rental revenue from our estate, we have a strong income stream from wholesale product sales to the individual pub businesses run by our Publicans, in our premises.

Our business strategy is based on People (governance, industry standards, transparency), Pubs (locations, pub types and agreements) and Punch Support (business support, expertise, procurement, process efficiency, retail offer).

We are constantly working to improve the quality of each of our pubs and their consumer offer in a number of defined segments of the pub market.

This is achieved through the recruitment of high quality pub operators, their training and support, capital investment to develop the full potential of each outlet and the development of preferential supply agreements to maximise income.

Please address investor relations enquiries to investors@punchpubs.com

Debt Information

In June 2021 we issued a £600m 6.125% bond due June 2026, the proceeds of which were used to repay all other group borrowings.

We produce quarterly information including confirmation of compliance with the terms of the bond structure. We recognise the importance of keeping our bondholders informed about the underlying performance of the businesses and therefore we make available these quarterly reports on this website, which are unaudited and extracted from our management information.

The forthcoming calendar for publication of these results is as follows:

Quarterly reports
Period Accounts date Publication Download
Q4 FY21 15 August 2021 12 November 2021 Interim Accounts  Investor Report
Q1 FY22 05 December 2021 18 February 2022 Interim Accounts  Investor Report
Q2 FY22 27 February 2022 13 May 2022 Interim Accounts  Investor Report
Q3 FY22 22 May 2022 05 August 2022 Interim Accounts  Investor Report
Q4 FY22 14 August 2022 28 October 2022 Interim Accounts  Investor Report
Q1 FY23 04 December 2022 17 February 2023 Interim Accounts  Investor Report
Q2 FY23 26 February 2023 12 May 2023 Interim Accounts  Investor Report
Q3 FY23 21 May 2023 04 August 2023 Interim Accounts  Investor Report
Q4 FY23 13 August 2023 27 October 2023 Interim Accounts  Investor Report
Q1 FY24 03 December 2024 16 February 2024 Interim Accounts  Investor Report
Q2 FY24 25 February 2024 10 May 2024 .
Q3 FY24 19 May 2024 02 August 2024 .
Q4 FY24 11 August 2024 25 October 2024 .
Annual reports
Period Accounts date Publication Download
FY21 15 August 2021 12 January 2022 Final Accounts
FY22 14 August 2022 12 December 2022 Final Accounts
FY23 13 August 2023 11 December 2023 Final Accounts
FY24 11 August 2024 09 December 2024 .

Please address investor relations enquiries to investors@punchpubs.com

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