Wetherspoons

J D Wetherspoon plc

Type	Public limited company
Traded as	LSE: JDW
Industry	Hospitality industry
Founded	1979
Founder	Tim Martin
Headquarters	Watford, United Kingdom
Number of locations	956 pubs[1]
Key people	Tim Martin (Chairman) John Hutson (CEO)
Products	Public houses and hotels
Revenue	£1,513.9 million (2015)[2]
Operating income	£112.5 million (2015)[2]
Profit	£44.8 million (2015)[2]
Number of employees	35,000 (2016)[3]
Website	www.jdwetherspoon.co.uk

Wetherspoon (business name J D Wetherspoon plc) is a pub chain operating in the UK and Ireland, with headquarters in Watford, Hertfordshire. Founded in 1979 by Tim Martin, the company owns just under 1000 outlets. The chain's pubs offer cask ale, low prices, long opening hours, and no music. The company also operates the Lloyds No. 1 chain and a number of Wetherspoon Hotels.

The chain has become known for converting large, unconventional premises into pubs. Premises tend to be large by British pub standards, and use an open plan layout. The chain began supporting cask ale when it was unfashionable to do so.^[4]

The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The Rochester Castle, Stoke Newington

In 1979, Tim Martin opened his first pub, on Colney Hatch Lane in Muswell Hill, north London.^[5] Many of the other early Wetherspoon pubs were also in the western part of Haringey. The J D Wetherspoon name comes from one of Martin's teachers in New Zealand who could not control his class.^[6][7][8]

The name came from when Tim was running his first pub in Muswell Hill. "I decided to call it Wetherspoon's after a former teacher - not because the teacher in question at my primary school in New Zealand had said I would never make it, as some people think, but because he was too nice a fellow to be running our particular class and he couldn't control it. So I thought: I can't control the pub, he couldn't control the class, so I'll name it after him."^[9]

In the early 1990s, Wetherspoon began a policy of routinely selling off their smaller or less profitable outlets, often — but not always — replacing them with larger premises very close by. There are now around 100 ex-Wetherspoon pubs, and none of the earliest outlets in the chain is still part of the estate. The oldest surviving Wetherspoon is the Rochester Castle in Stoke Newington, opened in 1983.^[10]

In 1998, Wetherspoon introduced over-sized glasses and promoted the "full pint".^[11] This initiative was soon withdrawn, supposedly because customers were still asking for top-ups, but arguably because other pub chains did not follow their lead.^[12]

Food and drink

Wetherspoon claimed to be "the only large pub firm which opens all its pubs early in the morning", serving breakfast and coffee as well as a full food menu into the evening.^[13] Weekly food promotions include Mexican Monday, Steak club (Tuesday), Wing it Wednesday (Chicken club), Curry Club (Thursday) and Fish Friday. The Sunday Club (traditional Sunday roasts) promotion was controversially dropped in March 2016.^[14]

Wetherspoon hosts two Ale Festivals in March/April and October each year, where a larger range of guest ales is available in each pub, and a Cider Festival in the summer.^[15]

Properties and operations

Becketts Bank in Leeds, its name reflecting the building's former use

The Picturedrome in Liverpool, a converted cinema

Many Wetherspoon's pubs are conversions of existing buildings, including:

• Theatres and cinemas (The Playhouse, Colchester; Opera House, Tunbridge Wells; The Capitol, Forest Hill; Coronet, Holloway; Prince Of Wales, Cardiff; The Salt Cot, Saltcoats; The Picture Palace, Enfield; The Regal Cinema, Rochdale; The Plaza, Rugeley)
• Banks (The Crosse Keys, City of London; Bankers Draft, Sheffield; The Twelve Tellers, Preston; The Standing Order, Derby; The Standing Order, Edinburgh; The Standing Order, Southampton; Becketts Bank, Leeds; The Moon and Sixpence, Hatch End; The Counting House, Congleton; The Counting House, Glasgow)
• Post offices (The Wheeping Ash, St Neots; The Penny Black, Bicester, Last Post, Paisley; Southend; Loughton; Humphrey Bean, Tonbridge; The Narrows, Abingdon, The Arnold Machin, Newcastle-under-Lyme, Stone; The Harlequin, Huntingdon; The Last Post, Beeston; The William Webb Ellis, Twickenham)
• Swimming pools (Swim Inn & Rawson Spring, Sheffield)
• Churches (The Church House, Wath-upon-Dearne; Chapel An Gansblydhen, Bodmin; The West Kirk, Ayr; The Black Bull Inn, Bangor); The Earl of Zetland, Grangemouth

Consequently, many Wetherspoon's properties are listed buildings.^[16]

There are Wetherspoon's bars in the passenger terminals of many UK airports, such as Robin Hood Airport, London Gatwick, London Stansted and London Heathrow and in main railway stations - London Victoria, London Liverpool Street, London Cannon Street, Leeds and Liverpool Lime Street.^[17]

In December 2013, the chain opened its 900th pub.^[1]

Wetherspoon pioneered having non-smoking areas in pubs, even before the Smoking, Health and Social Care (Scotland) Act 2005 and the Health Act 2006 in England and Wales introduced smoking bans in public houses,^[18] and started converting some of its pubs to completely non-smoking in 2005 before introducing a complete ban in 2006.^[19]

Ireland's first Wetherspoon's pub, The Three Tun Tavern, opened in Blackrock, Co. Dublin, in July 2014.^[20][21][22]

In 2014, Wetherspoon's controversially opened a pub at the Beaconsfield motorway service area on the M40.^[23]

Wetherspoon's also owns a chain of hotels (known until 17 September 2009 as "Wetherspoon Lodges" or "WetherLodges" and since then as "Wetherspoon Hotels") in the UK. As of 2015, there are now 34 hotels in total in England, Wales and Scotland. In December 2014, it was reported that they would open a pub and 100-room hotel in Camden Street, Dublin, Ireland.^[24]

In September 2015 Wetherspoon's bought the Grade II* Listed Art Deco State Cinema in Grays, Essex which had been under threat of damage by vandalism and water ingress for a number of years.^[25]

In December 2015, Wetherspoon's sent an email to customers announcing that its system had been hacked between 15 and 17 June 2015. This hack resulted in the potential loss of over 650,000 customers' data including names, dates of birth, email addresses and phone numbers, and around 100 customers' credit card information. Wetherspoon has since replaced its website to ward against future hacking attempts.^[26]

Every Wetherspoon's pub has a unique, bespoke designed carpet, drawing on the inspiration of the location, building and name. They are produced by Axminster Carpets and having more than the usual standard six colours, have to be partially handmade on old fashioned looms, costing up to £30,000, twice as much as stock designs.^[27]

People

John Hutson is the chief executive, with total annual remuneration of £758,000 in 2009, consisting of a £364,000 base salary and a £394,000 bonus and other income.^[28]

References

1. "JD Wetherspoon To Open 900th Pub Next Week". Retrieved 24 March 2014.
2. "Annual Results 2015" (PDF). J D Wetherspoon. Retrieved 16 April 2016.
3. "J D Wetherspoon Pubs & Hotels - Our People". jdwetherspoon.co.uk. Retrieved 16 April 2016.
4. Martin, Tim (14 September 2012). "Good News Britain: We're putting the 'pub' in 'public'". The Daily Telegraph (London).
5. "Refurb for Tim Martin's first outlet". Property News. Morning Advertiser. Retrieved 2010-02-26.
6. Refurb for Tim Martin's first outlet Morning Advertiser, 1 September 2005
7. The Real Pub Landlord The Observer, 3 March 2002
8. "The real pub landlord | Business | The Observer". London: Guardian. 3 March 2002. Retrieved 2010-02-26.
9. I'll tell you what's wrong with Wetherspoon's - it's run by a man named Tim, Will Self, New Statesman, 1 March 2013
10. Indicia - www.indicia.com (1983-05-01). "The Rochester Castle | Our Pubs". J D Wetherspoon. Retrieved 2010-02-26.
11. "The Investment Column: Wetherspoon dips in growth glitch". Business, News (London: The Independent). 1998-03-11. Retrieved 2010-02-26.
12. "Full Pint Issue 6". CAMRA North London. 2002-08-28. Archived from the original on June 4, 2008. Retrieved 2010-02-26.
13. "Wetherspoon toasts record sales". BBC News. 11 September 2009. Retrieved 1 December 2009.
14. "Quality Food, Great Value - Food Menu - J D Wetherspoon". jdwetherspoon.co.uk. Retrieved 3 April 2015.
15. "Wetherspoons spring festival focuses on British hops". Cask Marque. 2 February 2015. Retrieved 16 April 2016.
16. Woodger, Andrew (2 July 2010). "Suffolk to get Wetherspoon's pub". BBC News.
17. "First look: See inside the new £2 million North Western pub at Lime Street". Liverpool Echo. 3 July 2015. Retrieved 16 April 2016.
18. "Wetherspoon pubs ban smoking". BBC News. 24 January 2005. Retrieved 2 June 2008.
19. Tran, Mark (24 January 2005). "Wetherspoon pubs to ban smoking". guardian.co.uk (London). Retrieved 2 June 2008.
20. "Open for business: Wetherspoon’s first Irish pub serves its first customers". The Journal. 8 July 2014. Retrieved 8 July 2014.
21. Ciarán Hancock (June 30, 2014). "Guinness pulled from menu at Wetherspoon’s Blackrock pub". The Irish Times.
22. "Video: First look inside Ireland's first Wetherspoon pub". Independent.ie. Retrieved 3 April 2015.
23. "JD Wetherspoon opens first motorway pub". The Independent. Retrieved 3 April 2015.
24. "JD Wetherspoon to open hotel, bar at homeless hostel in Dublin". The Irish Times. 15 December 2014.
25. "State Cinema set to become a Wetherspoons pub". Thurrock Gazette. 22 January 2015. Retrieved 16 April 2016.
26. "JD Wetherspoon loses data of over 650,000 customers in cyberattack". ZDNet. Retrieved 4 December 2015.
27. The secret life of Wetherspoon’s freaky carpets The Guardian 10 January 2016
28. "John Hutson: Executive Profile & Biography". BusinessWeek. McGraw-Hill. Retrieved 23 August 2009.

External links

Media related to J D Wetherspoon at Wikimedia Commons

• Official website