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

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.