HND Business Finance
Task 1 Page 1
10 Year Overview Page 1
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For the past two year I have been working within a company called Stonegate, a pub/restaurant business, as a team leader working within a management team. Unfortunately this company is not in the FTSE 350 so have chosen a very well-known company from the same sector, JD Wetherspoons. Being a student, this type of company has become part of my everyday life which has made it that much more interesting for me to research. Wetherspoons was set up by a man called Tim Martin in 1979. The first part of its name “JD” is reportedly inspired from one of the characters from the TV series “The
JD Wetherspoons (2013) Preliminary Results 2013 pg. 33 available from:
Dukes of Hazard”, Sherriff JD Hog. The last part of the name, “Wetherspoon” was the last name of one of his teachers from when he was growing up in New Zealand. After selling its only pub after four years in 1983, seven more were opened that year. Ten years later there was a total of 50 and to this day the company now owns over 800 pubs across the UK, employing over 23,000 people. Over the 34 years Wetherspoons has been in trade, the company has seen phenomenal growth, overtaking everyone and controlling the market unquestionably.
Most recently spanning over the past 10 years, a total of 296 pubs have been opened all across the country. The graphs below show just how impressive and what a success Wetherspoons has been, looking at the past ten years. It would suggest that even though the country has less disposable income today, they are still able to make the right choices to continue steady growth.
(All of the figures used to produce these findings have been extracted from the financial accounts of Wetherspoons 2013 and are...