Mitchells & Butlers
Mitchells & Butlers operates 1,712 managed pubs and restaurants across the UK and Germany under brands including Toby Carvery, Harvester, Miller & Carter Steakhouse, and All Bar One, generating approximately £2.71 billion in annual revenue from direct-to-consumer dining.
- Company typePublic
- Founded1898
- HeadquartersBirmingham, United Kingdom
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Mitchells & Butlers does
Mitchells & Butlers plc is a UK-listed managed pub and restaurant operator founded in 1898 and headquartered in Birmingham. The company runs 1,712 sites across the United Kingdom and Germany, of which 1,638 are directly managed, employing approximately 48,000 people under a portfolio of established brands including Toby Carvery (value carvery), Harvester (family pub restaurants with salad bars), Miller & Carter Steakhouse (premium steak), All Bar One (urban bar), and the Horseshoe Bar in Glasgow.
The business model is a direct-to-consumer physical retail model. Revenue is generated at point of sale from food and beverage sales across the estate, with no SaaS, subscription, or licensing component. Pricing is unit-based on menu items; an average 3.2% menu price increase was implemented in October 2025, with steak prices at Miller & Carter raised approximately 30% to mitigate an anticipated £130 million FY2026 cost headwind. Reported FY2025 revenue was £2.71 billion and H1 2026 revenue was £1.49 billion. Pre-tax profit of £238 million in FY2025 was up 20% year-over-year, and operating margin reached 12.2%. The customer base is broad-based UK and German diners, segmented horizontally across value, family, premium, and bar occasions, with no named enterprise or wholesale customers disclosed.
Mitchells & Butlers firmographics
Firmographics- Name
- Mitchells & Butlers
- Legal name
- Mitchells & Butlers Plc
- Website
- https://mbplc.com
- Company type
- Public
- Founded year
- 1898
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Mitchells & Butlers operates 1,712 managed pubs and restaurants across the UK and Germany under brands including Toby Carvery, Harvester, Miller & Carter Steakhouse, and All Bar One, generating approximately £2.71 billion in annual revenue from direct-to-consumer dining.
- Ownership category
- akta.pro rank
Mitchells & Butlers industry classification
Industry- Product category
- Casual Dining and Pub Hospitality Services
- NAICS
- Full-Service Restaurants (722511), Drinking Places (Alcoholic Beverages) (722410)
- SIC
- Retail-Eating & Drinking Places (5810)
- akta.pro primary industry
- Craft Beer Bars & Taprooms (THAFAEAG)
- akta.pro secondary industry
- Neighborhood Bars & Taverns (CRANACAA)
Keywords
Where Mitchells & Butlers is headquartered
LocationHeadquarters
- HQ city
- Birmingham
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Mitchells & Butlers business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Food and Beverage Sales: Direct sales of food and beverages to consumers across their pub and restaurant estate. Revenue generated from table service, bar sales, and takeaway/collection services at their branded venues.
- Dining Experience: Revenue from carvery meals, steaks, and pub food served across Toby Carvery, Harvester, Miller & Carter and other branded sites. Menu price increases of 3.2% average have been implemented to address cost inflation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Pub and restaurant menu pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Mitchells & Butlers product offering
Product offeringCore offering
Mitchells & Butlers operates a managed estate of 1,712 pubs and restaurants across the United Kingdom and Germany, with 1,638 sites directly managed. The company serves food and beverages to consumers through a portfolio of branded venues including Toby Carvery, Harvester, Miller & Carter Steakhouse, All Bar One, and the Horseshoe Bar, spanning value carvery, family dining, premium steakhouse, and urban bar concepts.
Product overview
Mitchells & Butlers operates a portfolio of pub and restaurant brands across the UK and Germany, encompassing approximately 1,712 sites. The company's product offering consists of multiple distinct sub-brands including Toby Carvery (value carvery dining), Harvester (family-oriented pub restaurants with salad bars), All Bar One (urban bar concept), Miller & Carter Steakhouse (premium steakhouse dining), and The Horseshoe Bar (historic Glasgow venue). The brands range from casual family dining to premium dining experiences, unified under the company's managed estate model.
Differentiator
Problem solved
Functional benefit
Brands
- Toby Carvery: Carvery-style pub restaurant chain offering roast dinners
- Harvester
- All Bar One
- Miller & Carter Steakhouse
- Horseshoe Bar
Products and services
- Toby Carvery
- Harvester
- All Bar One
- Miller & Carter Steakhouse
- Horseshoe Bar
Quantifiable outcome
- Like-for-like sales growth of 4.3% for FY2025
- +4 more outcomes
Companies that use Mitchells & Butlers
Customer profileSegments2 records
Ideal customer profiles2 records
Mitchells & Butlers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mitchells & Butlers partnerships and signals
Strategic signalScale indicators10 records
Recent moves5 records
Expansion highlights3 records
Mitchells & Butlers competitors and assessment
Company assessmentDirect peers
- Greene King: Greene King is a major UK pub retailer and brewer with managed and tenanted pubs plus food-led brands (e.g., Hungry Horse, Farmhouse Inns), offering a comparable mix of branded food pubs to Mitchells & Butlers.
- The Restaurant Group: The Restaurant Group operates UK casual dining brands including Wagamama and Frankie & Benny's, comparable to Mitchells & Butlers' multi-brand casual dining strategy and UK national footprint.
- Fuller, Smith & Turner: Fuller, Smith & Turner is a UK pub and hotel operator with a managed estate of food-led pubs, comparable to Mitchells & Butlers' premium pub restaurant brands and central London focus.
- Whitbread plc: Whitbread operates UK restaurant brands (Beefeater, Brewers Fayre, Table Table) alongside Premier Inn hotels, directly comparable to Mitchells & Butlers' full-service restaurant brands like Toby Carvery, Harvester, and Miller & Carter.
- Stonegate Pub Company: Stonegate is a major UK pub operator (private, owned by TDR Capital) with over 4,000 managed and leased sites including food-led brands comparable in scale and concept to Mitchells & Butlers' estate.
- Loungers plc: Loungers operates all-day dining and bar concepts (Lounge and Cosy Club) across the UK, directly comparable to Mitchells & Butlers' casual and urban bar brands such as All Bar One.
- Revolution Bars Group: Revolution Bars Group operates late-night bars and casual dining venues across the UK, directly comparable to Mitchells & Butlers' All Bar One urban bar and casual dining segment.
- Marston's plc: Marston's is a UK pub and restaurant operator with both managed and tenanted estates, directly comparable to Mitchells & Butlers' managed pub-restaurant model and UK market exposure.
- JD Wetherspoon: JD Wetherspoon operates a large UK pub estate with food-led offerings, directly comparable to Mitchells & Butlers in terms of multi-site pub/restaurant operations, value-oriented dining, and UK-focused footprint.
Regional players
- Block House: Block House is a German steakhouse chain, comparable to Mitchells & Butlers' Miller & Carter Steakhouse brand within M&B's German operating geography.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Mitchells & Butlers social profiles
Digital presenceMitchells & Butlers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mitchells & Butlers leadership team
Management profileNumber of profiles
Profiles4 records
Mitchells & Butlers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mitchells & Butlers M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mitchells & Butlers
What does Mitchells & Butlers do?
Mitchells & Butlers operates a managed estate of 1,712 pubs and restaurants across the United Kingdom and Germany, with 1,638 sites directly managed. The company serves food and beverages to consumers through a portfolio of branded venues including Toby Carvery, Harvester, Miller & Carter Steakhouse, All Bar One, and the Horseshoe Bar, spanning value carvery, family dining, premium steakhouse, and urban bar concepts.
Is Mitchells & Butlers a public or private company?
Mitchells & Butlers is a public company. It is classified as public and is currently operating.
When was Mitchells & Butlers founded?
Mitchells & Butlers was founded in 1898. It employs 5,001 to 10,000 people.
Where is Mitchells & Butlers based?
Mitchells & Butlers is headquartered in Birmingham, United Kingdom, in the Europe region.
How does Mitchells & Butlers make money?
Two revenue lines are on record. Food and Beverage Sales are the primary driver. The others are dining Experience.
Who are Mitchells & Butlers's main competitors?
Direct peers on record are Greene King, The Restaurant Group, Fuller, Smith & Turner, Whitbread plc, Stonegate Pub Company, Loungers plc, Revolution Bars Group, Marston's plc and JD Wetherspoon. Block House is listed as a regional player.
Does Mitchells & Butlers have an API?
No public API is recorded for Mitchells & Butlers.
What industry is Mitchells & Butlers in?
Mitchells & Butlers's product category is Casual Dining and Pub Hospitality Services. Its primary akta.pro industry code is THAFAEAG, Craft Beer Bars & Taprooms, with a secondary code of CRANACAA, Neighborhood Bars & Taverns. Its NAICS code is 722511 and its SIC code is 5810.