Publicana poised to go into administration
Pub management company Publicana, which operates sites for major pubcos, is poised to go into insolvency, the Morning Advertiser understands. The...
Pub management company Publicana, which operates sites for major pubcos, is poised to go into insolvency, the Morning Advertiser understands.
The Blackpool-based firm was set up in 2007 and specialises in taking over under-performing venues and making them profitable again. The Morning Advertiser understands that it runs around 80 pubs.
Industry sources suggest that Begbies Traynor has been appointed at the administrator.
A new company, Norfolk-based GT Pubs, registered with Companies House on 18 March, is understood to be taking over management of the sites.
Publicana turned over £7m in 2007 and said it expected the figure to rise to £17m in 2009 and £35m in 2010. It has employed 20 full-time staff.
