Suburban Style Bar Company in administration
The Suburban Style Bar Company (SSBC) has gone into administration.
The Company owns a group of 12 freehold pubs and bars, predominantly situated in the Yorkshire area. Administrator Zolfo Cooper has been appointed.
The company is said to have experienced "significant challenges" following a series of regulatory changes, such as the smoking ban, followed by the credit crunch-driven decline in consumer spending.
As a result, the SSBC has sought the protection of administration. The administrators are actively marketing the properties for sale.
Licensed Solutions, an interim management company, has been appointed to manage the properties within the group but each premises continues to trade as normal.
SSBC, based in Bradford, employs eight staff — six of which have now been made redundant.
Partner Graham Wild said: "Despite today's announcement, I would like to reassure customers that it is business as usual for the group's popular bars and pubs, as we will be continuing as normal while we explore all options for the business.
"We remain hopeful of securing the future of the business as the sites enjoy strong brand identities and play an important role in the local community. This is an attractive investment opportunity for any interested buyers."
Expressions of interest should be directed to Isabelle Demir of Zolfo Cooper at VQrzve@MbysbPbbcre.rh.