Tenanted Pub Summit: Ted Tuppen unveils compensation paid to PICA-Service licensees
The PICA-Service was set up to rule on code-of-practice breaches as part of the self-regulation deal to manage the pubco-tenant relationship.
Speaking at the Tenanted Pub Company Summit last week, he admitted: “We have paid an average fine of between about £5,000 to £6,000. We are very happy for those to be made public.
“We have had three PICA-Service cases; won one, lost two. This is not a voluntary code in crisis, it is a voluntary code that is taken very seriously by all the players in the industry and is working.”
He also revealed that out of the 2,200 rent reviews of Enterprise pubs over the past three and a half years only 17 of them went to the Pubs Independent Rent Review Scheme.
Tuppen added: “If there is genuine concern about publicans getting into something they don’t really understand, we would be happy to extend our cooling-off period from six months to 12 months.”
