Lincolnshire-based brewer Batemans is close to securing two new pubs and has started a major refurbishment on its Wainfleet site, the Woolpack.

The company said it was close to completion on one pub near Doncaster and another near Sheffield.

Batemans reported turnover down 2.5% for the year to January 20105 with operating profit at £191,000, compared with the previous year’s £200,000.

The company said it had been a “challenging year” but that a “comprehensive development strategy” was in process to secure Batemans place in the market.

It said a key element of this would be upgrading the tenanted estate and extending its managed portfolio – a project overseen by retail director Linda Green. Batemans is set to launch its Pub Operating Agreement (POA) franchises soon.

It is also looking to review the future of some of its “periphery” beer brands.

Batemans is also close to completion on two acquisitions, one near Doncaster, and the other near Sheffield. Additionally, Batemans will soon be launching its new, and is looking at opportunities for further managed pubs.

The company said: “The team at Batemans is confident that with a continued focus on ensuring the pub estate and product range is as strong as it can be, the family brewer will remain a key player in the sector for many years to come.”