Brakspear, the Henley-based tenanted pub operator, says it can’t rule out a move to running managed pubs as it buys a London site from Spirit Pub Company, writes Mike Berry. The company has bought the Malt House in Fulham, London, for an undisclosed sum. It's Brakspear's sixth acquisition of the year, and takes its estate to 147 pubs. Chief executive Tom Davies told Publican’s Morning Advertiser, sister title to M&C Report, that running a tenanted business was “tougher than ever before”, with some of its tail-end sites struggling. “We are constantly looking at our business model. We could set up a good managed business with some of our sites that have a strong food-led offer. “It’s a risk to our business if one of our multiple operators has a hiccup then it affects three or four of our sites. If you run a managed operation you can have greater control. “It’s something I can’t rule out as the fashion is coming back to managed.” It follows news that other tenanted operators including Batemans, Hook Norton and Tadcaster Pub Company have recently made moves into the managed sector. Davies said the company didn’t have a target for new sites but would look to grow organically by purchasing “good quality pubs”, preferably with letting rooms or scope to add accommodation. Earlier this month JT Davies & Sons, Brakspear’s parent company, reported a 5% uplift in turnover to £15.3m in the year ending December 2011, with pre-tax profits growing to £2.6m.