Fuller, Smith & Turner PLC Class A (1ZJ)

Profile

https://www.fullers.co.uk

Fuller, Smith & Turner PLC Class A is a public limited company specializing in the operation of premium pubs, inns, and hotels across the United Kingdom. With origins tracing back to Fuller's Brewery in Chiswick established in 1845, the company sold its brewing division in 2019 to focus exclusively on hospitality, now managing over 380 venues including 209 managed businesses with more than 1,024 boutique bedrooms and 177 tenanted inns, predominantly in the South of England, with 44% within the M25 area. It operates through two main segments: Managed Pubs and Hotels, which generates the majority of revenue and encompasses managed pubs, hotels, Bel & The Dragon country inns, and Cotswold Inns & Hotels; and Tenanted Inns, where third parties lease and operate pubs. Renowned for beautiful, inviting pubs offering fresh food, a vibrant range of drinks, and engaging service, Fuller, Smith & Turner PLC plays a significant role in the UK hospitality sector, particularly in consumer cyclical industries like restaurants and hotels, employing around 5,000 people and contributing to regional economies through its London-based operations. The company maintains a dividend-paying profile with a yield around 3%, underscoring its established presence in the premium pub market.