Wednesday, December 9, 2009

Troubled pub operator Pubs 'n' Bars goes into administration

Troubled pub operator Pubs 'n' Bars has gone into administration

David Thurgood, Trevor O'Sullivan and Nick Wood of Grant Thornton have been appointed as administrators of the firm, which runs 87 "community pubs" in the South East.

The move comes days after the AIM-listed firm requested that trading in its shares be suspended.

In September the Pubs 'n' Bars' subsidiary Moorgate Taverns, which held an estate of ten freehold public houses, was put into administration.

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