- Pub industry approaching a crisis point
- Wetherspoons operating cash inflows drops to £17m - a tenth of the cash generation last year
Tim Martin is furious about the government’s handling of coronavirus and the impact on the pub industry. As expected, he has used the annual financial results of JD Wetherspoon (JDW) to express his displeasure and painted a picture of the challenges by detailing his company’s financial results in every year since 1984. That was the last time the pub group failed to report a profit – until lockdown sent it into a £34m net loss.