View more on these topics

Utopia Inns back for more

Utopia Inns is offering a second share subscription in its enterprise investment scheme (EIS). This EIS aims to provide capital growth by developing pubs initially around the M5 area between Birmingham and Bristol and the M25 area towards London.

The first share offering in August 2001 raised £750,000, which was used to develop a champagne piano bar and brasserie in Birmingham called Bar Ebonay. A new site has been identified in Innovation Square, the financial and business area of Birmingham.

The ultimate target for the EIS is to hold between five and 10 pubs within its portfolio, each with their own individual style. This will be carried out gradually, as suitable sites become available.

The portfolio will span city pubs for business people and restaurant style country pubs in rural areas. When choosing suitable premises, the board will look for established pubs with room for improvement and the ability to trade at a profit.

Pubs were chosen because the breaking up of the large breweries is creating more opportunities to buy pubs and the redevelopment of city centres will ensure there is a continuing demand for unbranded pubs.

This EIS could appeal to entrepreneurial investors looking for the tax advantages of an EIS. However, Tomahawk Pubs, The Capital Pub Company and English Country Inns are similar products, but they are restricted to the M25 area. Utopia Inns spreads its net wider, but finding suitable premises at the right price may still take time. Another drawback is that shares are unlisted, so investors would find it difficult to know how much their investment is worth.


Business taper relief

BUSINESS ASSETS TAPER RELIEF AND OTHER CAPITAL GAINS TAX SIMPLIFICATION MEASURES The Chancellor confirmed one very significant change on capital gains tax business asset taper relief. He has also announced some important measures to simplify CGT taper relief and other rules. The annual CGT exemption has also been increased. The more significant changes are as […]

&#39Govt doing U-turn on annuities&#39

The Government appears to be backpedalling on its proposals for annuity reform, according to IFAs, who suggest it is moving away from allowing transfers between providers.The Treasury says following its consultative period, it will allow annuitants to change the terms with existing providers.But there is no mention of allowing annuities to move bet-ween providers, as […]

Hollands retains top spot in pundits chart

BestInvest deputy managing director Jason Hollands has consolidated his position as top of the pundits in March according to PressWatch Financial Products&#39 monthly analysis of the national press.Hollands maintained top spot with 60 mentions, some way ahead of second placed Hargreaves Lansdown head of research Mark Dampier with 37. They are followed by London & […]

Falcon spreads its wings after 43% profit rise

Bristol-based IFA Falcon Group increased profits by 43 per cent to £341,000 in 2001 from £238,000 the previous year and boosted turnover by 55 per cent to £6.85m from £4.42m.The IFA firm increased the number of its RIs by 40 to over 100, advising on assets of over £500m held by more than 50,000 individual […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm