Restructuring

Intertain looks to the future after debt restructure

10-Feb-2015 By James Wallin, M&C Report

John Leslie, chief executive of Walkabout operator Intertain, has said that approval for the company’s restructuring plans paves the way for a period of acquisition and refurbishment over the next 18 months.

Punch tenants say pubco 'must change'

16-Oct-2014 By Ellie Bothwell

Punch Taverns bosses have reiterated that it is “business as usual” following the long-awaited completion of its financial restructuring, despite demands for a corresponding rebalancing of its relationship with tenants.

Punch tenants say restructure offers 'no relief'

08-Oct-2014 By Ellie Bothwell

Punch Taverns tenants said they feel “no relief” as the pub company announced the completion of its financial restructuring this morning.

Punch Taverns restructure: a timeline

08-Oct-2014 By James Evison

Punch Taverns has finally completed its restructure, two years after the process began. The Publican's Morning Advertiser looks at the timeline of the plans.

Punch owes a debt of gratitude to its publicans

03-Jul-2014 By Rob Willock

Punch Taverns’ financial restructuring saga will one day make an excellent case study for MBA students, says Rob Willock.

BBPA returns to pre-tax profit after 'very successful' year

20-Dec-2013 By John Harrington

The British Beer & Pub Association (BBPA) returned to pre-tax profit in the year to 30 September, a period described by chief executive Brigid Simmonds as “very successful” for the trade body.

Bramwell's demise shows that the going’s still tough

08-Nov-2013 By Mike Berry

The reaction in the PMA office when the news broke that Bramwell Pub Company had entered administration was mostly one of mild surprise rather than any great shock, writes Mike Berry.

Bramwell Pub Company placed into administration

31-Oct-2013 By Mark Wingett

Bramwell Pub Company, the 185-strong managed operator, which was formerly Barracuda, has been placed in administration.

Bramwell faces uncertain future as Stonegate eyes core estate

30-Oct-2013 By Mark Wingett

Bramwell Pub Company, the c180-strong managed operator, is in talks to sell the better performing parts of its estate to rival operator Stonegate Pub Company, a little more than a year after undergoing a financial restructure and appointing a new management...

Punch sets disposals target as restructure continues

13-Sep-2013 By John Harrington

Punch Taverns is likely to slow down its disposals to between 300 and 350 in 2014, says finance director Steve Dando, who also said he’s “confident” that the company’s debt restructure will occur in the second half of 2013.

It's Roger and out

31-Jan-2013 By Mark Wingett

Back in 2009, a year after Roger Whiteside joined Punch Taverns to oversee its leased division, he was asked what motivated him. He answered: “Achievement, basically. I need to feel I have achieved and moved something on in the right direction. I’ve achieved...

WaverleyTBS falls into administration

02-Oct-2012 By John Harrington

Deloitte has been confirmed as administrators for independent drinks supplier WaverleyTBS.

Admiral wipes out £47m of debt

08-Apr-2011 By John Harrington, M&C Report

Admiral Taverns has wiped £47.2m off its debt as it trimmed its estate by 11% and reported improved trading in its turnaround division.

Bay Restaurants in debt-for-equity swap

28-Jul-2009 By The PMA Team

Bay Restaurants, the owner of La Tasca and Slug & Lettuce, has undergone a financial restructure that provides a new £150m debt facility until...