Admiral Taverns (Chester) Limited

The principal activities of the Company are to act as the management company for the Admiral Taverns group of companies for the procurement of alcoholic and non-alcoholic drinks for onward sale to licensees in occupation of the pubs in the operating companies of the group and the provision of management services to fellow subsidiaries within the Group. The Company’s income comprises scale/volume related discounts from the Group’s alcoholic and non-alcoholic beverage suppliers and from amounts received from suppliers to support promotional activity within the Group’s pubs, together with the recharge of centralised management services. The centralised management services comprise accounting, administrative and operational management and procurement costs (with the exception of costs incurred in the procurement of alcoholic and non-alcoholic beverages as the company believes that the income received from suppliers is sufficient consideration for this service) as incurred by the Company.