top of page
.png){kind=small}
.png)
Pubs Code Glossary
Term | Meaning | Link |
|---|---|---|
BBPA | British Beer and Pub Association (A trade body for pub companies) | https://beerandpub.com/ |
BDM | Business Development Manager (Representative of a pub company) | |
BII | British Institute of Innkeeping (Trade body for publicans) | https://www.bii.org/ |
Big 6 | The 6 larger pub companies who fall under The Pubs Code, currently Admiral Taverns, Greene King, Marston's, Punch Pubs & Co, Star Pubs & Bars, Stonegate (trading name of Ei). | |
Business Plan | A vital document that you prepare with the support and advice from a professionally qualified industry expert, required by The Pubs Code | https://www.roslyns.co.uk/business-plans |
CAPEX | Capital Expenditure (This type of financial outlay is made by companies to increase the scope of their operations or add some economic benefit to the operation). | |
CCO | Code Compliance Office (Person at a 'big 6' pub company responsible for ensuring adherence to The Pubs Code) | https://www.gov.uk/government/publications/what-tied-pub-tenants-need-to-know-about-business-development-managers-and-code-compliance-officers/what-tied-pub-tenants-need-to-know-about-business-development-managers-and-code-compliance-officers#what-is-a-code-compliance-officer |
CPI | Consumer Prices Index, a way of representing inflation in the UK economy. | |
Code of Practice | Pub companies owning under 500 tied pubs do not fall under pubs code, but most comply with a Code Of Practice | http://www.thepubgoverningbody.co.uk/ |
F&F | Fixtures and Fittings (loose trade inventory items, furniture etc which are used in the business) | |
FMT | Fair Maintainable Trade/Turnover (Referred to in rent models, meaning the level of business can then be fairly assumed) | |
HOT | Heads of Terms (A document which sets out the terms of a commercial transaction agreed in principle between parties in the course of negotiations.) | |
MRO | Market Rent Only, this is the option that many tenants have to negotiate a Market Rent Only deal instead of their tie deal. | |
New Agreement | A new tenancy of, or licence to occupy, premises which are, or are expected to be, a tied pub but does not include a short agreement or the renewal of a tenancy or licence | |
PCA | Pubs Code Adjudicator (The person appointed to arbitrate and investigate breaches of the code) | https://www.gov.uk/government/organisations/pubs-code-adjudicator/about |
PEAT | Pre entry Awareness Training (A course which prepares a publican prior to taking on a pub agreement). | https://www.bii.org/BII/Industry-Advice/PEAT.aspx |
bottom of page