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.com. Ian.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