ICSM Business News: Concerns mount for national pub chain as their debts hit £30 million and they put 32 pubs up for sale

ICSM Business News: Concerns mount for national pub chain as their debts hit £30 million and they put 32 pubs up for sale

By Harry Mottram: The hospitality sector had taken a massive hit this year after the covid shutdowns, hikes in interest rates, inflation in double digits and energy prices on the up. One of the nation’s largest pub trains has put 32 pubs up for sale. Wetherspoons have issues servicing debts of £30 million, a problem recruiting staff and less trade due to the recession as people have less disposable income.

Ian Carrotte of ICSM said there was big rise in the numbers of firms in the hospitality sector going to the wall. He said: “Clearly Wethespoons is a concern as it is expanded over a number of years with its low cost food and drink and large premises attracting not only those customers looking for economy but many in higher income brackets. Take into account the rise in energy costs and many pubs and restaurants find they are no longer viable.

These are recent listings from ICSM’s newsletter:

HOSPITALITY: CAFES, ENTERTAINMENT, HOLIDAYS, HOTELS, LEISURE, PUBS, RECREATION, RESTAURANTS, TRAVEL
 
ADMINISTRATORS APPOINTMENTS   
AVNI KENSINGTON HOTEL LIMITED    08316355
BIR HOTELS PRIVATE (UK) LIMITED    10737765
SAIRAM HOTELS LIMITED    10480890
TRINITY HOTEL LTD    12533417
 
ADMINISTRATORS MEETINGS PARA 51   
SMOKE CLUB LIMITED    06506979
 
COMPULSORY LIQUIDATORS APPOINTED S 136    
NORTHOP HALL COUNTRY HOUSE HOTEL LIMITED     05667278
 
CREDITORS’ VOLUNTARY LIQUIDATION DEEMED IN CONSENT MEETINGS
BODY MACHINE PERFORMANCE STUDIO LTD    09903737
BRAINCHILD FESTIVAL    09483235
BUFFALO GRILL HOUSE LTD    09945671
FRESH NEW EVENTS LTD    10492606
GAYLORD SPICE LTD    12217249
GOLDEN BRICK PUBS LIMITED    11573621
GRAND INDIAN LIMITED    44746
IJE-HOSPITALITY LTD    12936541
HENRY'S COFFEE & WINE BAR LLP    OC359386
PASTA&BREAD LIMITED    12508389
MERIDIAN ENTERTAINMENT NETWORK LTD    10667474
RALEIGH INTERNATIONAL TRUST    03059479
THE GREEN MAN (ESSEX) LTD    10943464
TRIP TRAVEL LTD     11786579
WILLOW TAVERN (FAILSWORTH) LIMITED    08756940
YOUR FITNESS LIMITED     05174795
 
LIQUIDATORS APPOINTED
ANGLIAN TAVERNS LTD    11887333
ARTIS BAR LTD    10868020
AVAAR LEISURE LTD    10551895
BAR RESTAURANT TIRANA (BIRMINGHAM) LTD    12489994
CB RESTAURANT & BAR LIMITED    11307863
CTK HOSPITALITY LTD    11480576
CLAY PIT PENARTH LTD    10854862
COUNTY EVENTS AND MARKETING LIMITED     10438351
CORK & FORK LIMITED    12302645
CROWN'S COFFEE HOUSE LTD    12317210
FRESH NEW EVENTS LTD    10492606
HEALTH KICK RETREATS LIMITED    11545889
HOTELS N U SERVICES LIMITED    10745994
JOULES WINE & COCKTAIL BAR LIMITED    08010190
LOJO ENTERTAINMENT LIMITED    12904168
LATHOM AND BURSCOUGH ROYAL BRITISH LEGION CLUB LIMITED    14653R
MONK LEISURE LIMITED    11243867
MOOSHIES LONDON LTD    10415917
NORTH EAST FLYING CLUB LTD    11101319
OHG ACCOMMODATION LIMITED    04990678
ON HOLIDAY GROUP LIMITED    05143005
POPPIES CAFE BISTRO LIMITED     13400392
POTTS COFFEE LTD     11585271
PST INNS LTD    09400713
PERFECT 4 PIZZA LTD    44746
PUB AND GRILL (RIVINGTON) LIMITED    09606359
RESTAURANT CORPORATION LIMITED    03861267
THE DECANTER WINE BARS LIMITED    08849503
THE GREEK AND MEDITERRANEAN RESTAURANT LTD     12272750
THE TEDDINGTON HANDS LTD     12322793
THE TRAVEL HIVE MCR LIMITED    44746
TY ASHA BALTI HOUSE LTD     09970095
UNION STATION YOGA LTD    08985367
V OR V LTD    11625784
WELLNESS LIFESTYLE LTD    12303429
WESTVIEW LEISURE GROUP LIMITED    09595563
WHARFE INNS LTD    12418285
 
MEMBERS VOLUNTARY LIQUIDATIONS
CROFT HOTEL (TENBY) LIMITED    00530962
GREAT NORTHERN (SWB) LIMITED    44746
LITTLE BARWICK HOUSE LIMITED    44746
TIVERTON HOTEL LIMITED    05579799
 
PETITIONS TO WIND UP
BOURNE HOTELS LIMITED    09306842
DIXIE DEAN HOTEL LIMITED    11480460
EDINA TOURS LIMITED    10240703
ESSEX CHRISTMAS WONDERLAND LIMITED    13586048
JUMPINWESTSUSSEX LTD     12352484
WHYTELEAFE FOOTBALL CLUB   
 
WINDING UP ORDERS
KENSINGTON HOSPITALITY LIMITED    10773303
REDWOOD KIDS CLUB    13286557
WESTGATE CLUB AND INSTITUTE (GRANTHAM) LIMITED    IP12154R

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ICSM CREDIT
For information on ICSM visit www.icsmcredit.com or call 0844 854 1850.
ICSM, The Exchange, Express Park, Bristol Road, Bridgwater, Somerset TA6 4RR. Tel: 0844 854 1850. www.icsmcredit.comIan.carrotte@icsmcredit.com

About ICSM Credit

ICSM Credit has more than four decades of experience as a credit intelligence group whose members gain inside information about firms in trouble allowing them to avoid bad debts and rogue traders. To join costs less than a tank of fuel - while at the moment there's a special free temporary membership offer during the Covid-19 crisis which gives access to free legal letters. ICSM also has an effective debt collecting service which has a global reach - ask for details from Paul.

For details about ICSM Credit call 0844 854 1850 or visit the website www.icsmcredit.com or email Ian at Ian.carrotte@icsmcredit.com on how to subscribe and to join the UK’s credit intelligence network to avoid bad debts and late payers. Follow ICSM Credit on FaceBook, Twitter and YouTube and Ian Carrotte on LinkedIn.

To keep up to date subscribe to the FREE ICSM Credit Newsletter to hear all the latest insolvency news and to see who has gone out of business click on the orange panel on the top left of the home page of the website www.icsmcredit.com or send an email to Ian.carrotte@icsmcredit.com

For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk


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