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

Poppelston Allen: Understanding recorded and live music law

10 tips on the Live Music Act

Never has the law relating to live and recorded music been so complex. Here is a brief...

National Minimum Wage - what you need to know

National Minimum Wage - what you need to know

HMRC is naming and shaming pubs, hotels and restaurants that pay below the national minimum wage. The...

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...

Follow us on