Loan

Businesses given more time to repay lockdown loans

08-Feb-2021 By Emily Hawkins

The Government has granted businesses greater flexibility in repaying lockdown loans, in a move that will give many “valuable breathing space”.

Red Oak Taverns receives £42m bank loan

08-Oct-2018 By Emily Hawkins

OakNorth bank has handed Red Oak Taverns a multimillion-pound boost to help it expand across the country and refinance its existing debt.

INSIGHT

The right approach to bank borrowing

12-Nov-2014 By Roger Schooling

Roger Schooling, senior partner at Sidney Phillips Business Mortgages, says make sure you get expert advice before making your pitch to the bank

Cambridge & Counties Bank will lend to 'good-quality' pubs

26-Jun-2013 By Gurjit Degun

Cambridge & Counties Bank has issued £40m in loans to small and medium-sized enterprises (SMEs), with a handful to pub licensees.

Pubs have become more affordable, says Christie Group

21-Jun-2013 By Mark Wingett

Advisory firm Christie Group has reported this morning that pubs have become more affordable and that funding remains available for experienced operators, but the sale of distressed assets by banks has slowed.

Losses narrow at pub operator Sir John Fitzgerald

24-Jul-2012 By M&C Report

North-east managed pub operator Sir John Fitzgerald (SJF) has reported a narrowing of losses in the year to 31 January.

Loan volume up as prices get realistic

01-Feb-2012 By Gurjit Degun

Brokers reported a higher volume of successful loans for last year as the trade saw green shoots of recovery.

Host sells bonds to clear pub debts

17-Nov-2011 By Gurjit Degun

A publican is issuing bonds after failing to secure a bank loan to cover cash-flow over Christmas.

Eclectic eyes expansion on sales boost

07-Nov-2011 By John Harrington, M&C Report

Eclectic Clubs & Bars, the Avanti Capital-backed bar group, continues to eye expansion as it reports increased sales and EBITDA in the year to 30 June 2011.

Utopian Leisure breaches covenants as losses surge

21-Oct-2011

Utopian Leisure, the four-strong pub, nightclub and restaurant group led by Bob Senior, breached its bank covenants in 2010 as losses increased.

Mike Saul: Banks are in the lending game, and are still playing

30-Mar-2011

"Banks are in the business of lending, and it's what we're doing. This does not mean that securing funding is without its challenges and it is clear...

Pressure on Punch continues

13-Dec-2010 By Ewan Turney

Punch executives are set to come under renewed pressure from shareholders at the company's annual general meeting this week. Speculation over the...

Punch seeks flexibility on debt

02-Dec-2010 By The PMA Team

Punch Taverns has fired a warning shot to bondholders that it may hand back the keys to 5,000-plus leased pubs, unless they offer flexibility on debt...

Enterprise close to £1bn loan deal

10-May-2010 By Gemma McKenna

Enterprise Inns is close to agreeing a refinancing deal of its £1bn bank loan, reports the Sunday Times. Shares in the pubco fell by 11% on Friday...

Pubcos to see London Town sites return

19-Feb-2010 By Mark Stretton & The PMA Team

Speculation is rife that Punch Taverns and Enterprise Inns will be major victims of the pre-pack adminstration planned by London Town.

London Town poised for pre-pack

15-Feb-2010 By Mark Stretton, M&C Report

London Town is reportedly set to undertake a pre-pack administration this week after failing to find an alternate solution to tackling its debt burden.

'Successful' trading at Town & City Pub Company

10-Dec-2009 By The PMA Team

Town & City Pub Company, which operates the Yates's chain, reported a "very successful" first 11 trading months, qualified by exceptional...

Utopian renegotiates loan

19-Nov-2009 By The PMA Team

Utopian Leisure renegotiated its loan facilities last month after breaching its banking covenants last year.

London Town reports £24.7m loss

01-Jul-2009 By Ewan Turney

Tenanted and leased operator London Town Taverns made a loss of £24.7m last year and is in breach of its bank loans.

Globe defaults on covenants for second quarter

18-Jun-2009 By The PMA Team

Globe Pub Company bond holders have been told that the company has had to grant rent concessions to another 11 hosts as it stays in default on key...

Tied pubs eligible for government aid

02-Mar-2009 By James Wilmore

Tied licensees can now apply for government support under a scheme to help small businesses struggling for financial help, licensing minister Gerry...

Tied pubs get loans lifeline

02-Mar-2009 By John Harrington

Licensees of tied pubs who can't secure bank loans may have been thrown a lifeline — ministers have agreed to include them in a Government guarantee scheme.

London Town reports losses of £5.2m

01-Oct-2008 By Ewan Turney

Tenanted pub operator London Town has reported a loss of £5.2m for the six months to 30 June reflecting "difficult trading conditions". The group,...

Financing a pub buy

01-Jun-2006 By James Wilmore

Q I'm looking to buy a pub and need to raise some capital. What's my first step? A The first step is to assess exactly what you are able to...

Brewers'

25-Sep-2003

loot Brewers could well be a wiser betthan banks for borrowers lookingto finance their pub business. Independent consultantJohn Boardman reports All...

Cash in hand: applying for a pub mortgage

28-Apr-2003

When applying for a pub mortgage where do you turn for advice? Michelle Perrett reports.You've made the decision that it's time for a change and you...

Finding the best deal

22-Mar-2001

We take a llok at how to find the best the deal for you when financing your pub venture.Talk to anyone in the licensed property business these days...

Searching for the pub of your dreams?

21-Mar-2001

Andrew Turzynski, senior business manager at commercial mortage lenders First National takes a cool look at the financial implications of buying a...