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Team effort wins admirers

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Team effort wins admirers
Article date: 31 Jan 2011

J D Wetherspoon is the most admired pub company in the UK.

In addition, the company has been named as the 73rd most admired company in the UK, across all sectors (up from 85th, its position in 2009).

Its standings were highlighted in Management Today’s Britain’s Most Admired Companies 2010.

The magazine undertook its research in conjunction with Birmingham City Business School.

Britain’s largest public companies, in 23 sectors, were asked to evaluate their peers. Each sector comprised ten companies, with participants rating their sector rivals on a 0–10 scale (where 0 = poor, 5 = average and 10 = excellent).

Analysts at leading City investment firms were also polled.

The criteria on which the individual companies were judged were: ability to attract, develop and retain top talent; capacity to innovate; community and environmental responsibility; financial soundness; quality of goods and services; quality of management; quality of marketing; value as a long-term investment; value of corporate assets.

In reference to the pub sector, the magazine comments: “Habitual bottom-dweller Enterprise Inns is up, but not by much, from last overall in 2009 to 218 out of 230 this year.

“It’s joined in the Stygian depths by fellow pub chain Punch Taverns. Both these outfits have been exposed by the recession for the cynical leveraged property plays that many always suspected.

“Well-run pub businesses can still prosper, as 73rd-place J D Wetherspoon demonstrates. Tim Martin’s firm has continued to trade well, thanks to good management and an eye for new ideas – pub breakfasts are now almost as popular as pub lunches, it seems.”

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