A pub operator that promised to breathe new life into ailing locals in Bradford has gone into administration.
The move leaves an uncertain future for 27 hostelries in West Yorkshire, including ten in the Bradford district, which are continuing to trade for the time being.
Last year, the London Town pub group did a deal with Punch Taverns and Enterprise Inns to rescue a number of locals, which it claimed would safeguard around 60 jobs.
The pubs included the Prospect at Eccleshill, the Seven Stars at Greengates, the White Horse and Hudsons at Great Horton and the Old Dolphin, Queensbury. The company also re-opened the Red Lion, the Three Horseshoes and the Spite in Otley, the Willow Tree in Riddlesden and the Spotted Cow at Drighlington.
Julie Jenner only took over as licensee at the Seven Stars two weeks ago and learned about the London Pubs administration on the internet. She has been trying to contact management for an update, but so far without any luck.
Julie, who has been in the pub trade for 15 years and moved from Oldham to take over the pub, said: “It’s very worrying. I don’t know whether I have a future here or not.”
David Chubb and Mike Jervis of PricewaterhouseCoopers were appointed as joint administrators to London Town plc which operates 350 pubs and a subsidiary GRS Inns Limited which runs 44 leased pubs.
The business has experienced difficult trading conditions and failed to meet its debts and other obligations.
The administrators have appointed agents Christie & Co to find buyers for the pubs.
In order to avoid immediate closure of the 44 GRS pubs, an agreement has been reached to enable them to continue trading while efforts are made to sell them.
Joint administrator David Chubb, said: “This has been a particularly complex restructuring but we are pleased to have preserved the majority of the business, and therefore jobs, through the transactions we have completed.
“In order to avoid immediate closure of the 44 leased pubs in GRS Inns Limited, we have negotiated a short-term management contract and hope this will allow time to attempt to secure the longer term survival of these pubs.”
According to reports, London Town has been in trouble for some time, breaching borrowing covenants in 2008 and 2009. It withdrew from the AIM junior stock market last week.
The T&A revealed yesterday that another six struggling Bradford area pubs had been put on the market for £1.5m by management company Deepclear.
These are The Moorfield Arms on Dick Lane; The Station in Manchester Road; The Old Duke William in Westgate Hill; The Winston Churchill in Wakefield Road, The Dog & Gun in Leeds Road, Shipley, and The Copper Kettle in Denholme.
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