Lloyds Banking Group

Clerk's Bar in Edinburgh was one of two sites acquired by the Maclay Group last year

Maclay eyes craft beer expansion

By John Harrington

Scottish pub and bar operator Maclay Group is looking to add a craft beer offer across its 26-strong estate as the company reports a pre-tax loss of £169,895 in the 16 months to 1 February 2014.

Amber is looking to expand to at least 120 sites by 2016

Amber secures new funding and eyes expansion

By John Harrington

Amber Taverns, the fast-growing operator of wet-led community pubs, is set to acquire another 30 sites after it increased its debt facility with Lloyds Banking Group by £5m to £27.5m.

Brokers ‘expected’ bank lending fall

Brokers ‘expected’ bank lending fall

By Gurjit Degun

Pub-trade brokers have said they expected high-street banks to fall short of lending targets for offering finance to small and medium enterprises (SMEs) under the Project Merlin agreement.

Luminar: the party is over

Luminar falls into administration

By John Harrington, M&C Report

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

Luminar: managers will adopt their own pricing policy

Luminar moves to boost clubs’ trade

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.

Simon Douglas: heads up Luminar

Banks grant Luminar further extension

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.

Douglas: initiatives are gaining traction

Luminar posts £1.1m loss

By Ewan Turney

Britain's largest nightclub group, Luminar, has announced a loss before tax of £1.1m for the year ending on 26 February against a profit of £5.5m...

Luminar: refinancing deal

Luminar on firmer footing after refinancing

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...

Georgel: leaving Punch to head up Admiral Taverns

Punch's Georgel to join Admiral

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.

Admiral: could undergo a pre-pack

Lloyds set for Admiral debt equity swap

By The PMA Team

Lloyds Banking Group is set to swallow a £600m debt-for-equity swap at tenanted pub company Admiral Taverns, in the latest fallout from the banking...

Buck up Banks: MA campaign to get banks lending to pubs

Bank plan boost for pubs

By Gemma McKenna

The Government's plan to set up three or more new banks may make it easier for pubs to access funding, experts predict. Troubled institutions that...

Admiral: debt for quity swap on the cards

Debt-for-equity swap likely at Admiral

By The PMA Team

Lloyds Banking Group is likely to swap its debt in Admiral Taverns for equity, according to Companies House documents filed several months late by the tenanted pub company. Admiral has debts of £855m with Lloyds.

HSBC has tightened loans to leisure sector

Major banks deny loans clampdown

By Tony Halstead

Major banks have denied they are tightening the screw on loans and overdrafts as the economic slowdown continues to hit the leisure sector.