London & Edinburgh Inns in administration

London & Edinburgh Inns in administration
London & Edinburgh Inns has gone into administration. A statement from administrators Ernst&Young said the company had "for some time...

London & Edinburgh Inns has gone into administration.

A statement from administrators Ernst&Young said the company had "for some time struggled in the face of increasing heavy losses."

We are continuing to trade the various companies on a "business as usual" basis​Administrator, Angela Swarbrick.

The statement continued: "The directors of the group have considered various avenues and concluded that a restructuring through an insolvency process provided the best option for the business."

L&E operates 671 sites and has approximately 7,300 employees.

Administrator, Angela Swarbrick, said: "We are continuing to trade the various companies on a "business as usual" basis while we explore the possibility of a sale of the businesses and their assets as going concerns."

The statement said Ernst & Young had been appointed to oversee the administration of the following businesses:

London and Edinburgh Swallow Group LimitedSwallow Hotels LimitedLondon and Edinburgh Inns LimitedNewlord LimitedReact Inns LimitedThe Gourmet Pub Company Limited

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