Hbos

Luminar falls into administration

26-Oct-2011 By John Harrington, M&C Report

Luminar, the troubled nightclub operator, has fallen into administration after its banks withdrew support.

Luminar moves to boost clubs’ trade

09-Sep-2011 By The PMA Team

Troubled nightclub company Luminar is understood to have placed 15 nightclubs in a stand-alone “entrepreneurial” division headed by Tony Gorbert.

Banks grant Luminar further extension

25-Aug-2011 By Mark Wingett, M&C Report

The banking group behind Luminar has agreed to a three-month extension to the covenant waiver it arranged with the nightclub operator in May.

Luminar on firmer footing after refinancing

09-Dec-2010 By Chris Druce, M&C Report

Embattled nightclub operator has completed a refinancing exercise, granting its management team more time to turn around the business. Luminar's...

Punch's Georgel to join Admiral

12-May-2010 By Mark Stretton, M&C Report

Kevin Georgel, the highly-regarded operations director within Punch Taverns' leased arm, is to join Admiral Taverns as managing director. Georgel is to replace Lynne D'Arcy, who has decided to step down from Admiral.

'Lloyds takes £600m hit on Admiral pubs'

16-Nov-2009 By Matt Eley Matt

Lloyds Banking Group has been forced to swallow a £600m debt-for-equity swap at Admiral Taverns, the pubs group, in the latest fallout from the...

Admiral Taverns confirms bank re-structuring

16-Nov-2009 By The PMA Team

Admiral Taverns has released a short statement confirming that is is working on a financial restructuring which will provide a stable platform for...

Banks will still invest in pubs

28-May-2008

Banks across the country have not ruled out lending money to pubs, despite belt tightening due to the credit crunch.Last week, thepublican.com...