Brewer and pub owner Palmers doubled its 2021 turnover to £9,528,589 in the year ending 31st March, 2022, with pre-tax profit of £2,250,290.
The company, which was founded in 1794, operates 53 pubs in Devon, Dorset, and Somerset. It described the last year as “a year of recovery after the most testing period”.
Managing director of family business Palmers, John Palmer, said: “This performance is a reflection on our dedicated team who have worked tirelessly to help the business get back to previous levels of activity.
“This year started well, but we are entering a period of more turbulent times, with inflationary pressures being experienced and reducing individual spending power due to higher prices and levels of personal taxation.
“However, the estate remains in good repair, well positioned to benefit from any improvements in demand that we may see over the next year.”
