Ex-Tchenguiz pubs in admin

02-Sep-2011

Related topics: Company & City News

Administrators have been appointed to a further 37 pubs that were formerly part of Robert Tchenguiz’s pub property empire.

Tchenguiz: former pubs in administration

Tchenguiz: former pubs in administration

PriceWaterhouseCoopers (PwC) has been appointed the administrator of R&L Properties No.6, which owns 37 freehold and long leasehold sites that operate as tenanted pubs.

Licensed Solutions and LT Pub Management (LSLT) has replaced Scottish & Newcastle Pub Company as the managing agent, according to PwC.

David Hurst, joint administrator and director at PwC, said: “The company has suffered as a result of the ongoing economic challenges facing the pub sector. Having run out of alternative options, the company was placed into administration.

“Our immediate priority is to seek buyers for the remaining pubs in order to enable their long-term survival. While buyers are sought, we have engaged LSLT to ensure the tenants will be able to continue to run their businesses as usual.”

Find us on Facebook

Spotlight

Top tips for Halloween & Bonfire Night

Top tips for Halloween & Bonfire Night

Phil Mellows speaks to licensees and brand owners to find out ways pubs can increase footfall during...

Day of the Dead: hosting the event

How to host a Day of the Dead event

Pubs hosting Day of the Dead celebrations can boost footfall, gain attention and remind people that life...

Legal advice: combating cumulative impact

Legal advice: combating cumulative impact

The words ‘cumulative impact’ can strike fear into the hearts of operators across the land, particularly if...

Milkshakes: How to boost your GP

Milkshakes: How to boost your GP

Milkshakes are not just drinks for children. Nigel Huddleston adds a double shot of spirit and shows...

Follow us on