The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Pub owner Farlane Property Group calls in administrators

14 May 2010

A property company which owned 43 pubs throughout the UK has entered administration.

Farlane Property Group has no direct employees within its pubs business because they are managed indepedently by a third party.

Administrators PricewaterhouseCoopers, who were called in on Tuesday to deal with the company, said that around 14 of the pubs were untenanted.

Farlane Property also owns the freehold of the Windwhistle Golf Club at Cricket St Thomas, Near Chard, Somerset, as well as two residential properties in London and two development land lots in Camberley, and Northamptonshire.

Mike Jervis, joint administrator said: "Farlane Property Group has suffered as a result of the current economic challenges facing the hospitality and leisure industry which resulted in ongoing losses in the golf business and a deterioration in trading in the pub portfolio. Having run out of alternative options, the directors of Farlane Property Group sought the protection of administration.

"Our immediate priority is to seek a buyer for the golf club as a going concern in order to enable its long term survival and preserve the jobs of the employees. While a buyer for the business is sought, we expect to continue trading and we will work with the existing management team, suppliers, employees and customers to try and ensure that we achieve a positive solution".

Hotel insolvencies soar by 61% in 2009>>

Duncan Bannatyne confirmed as new owner of Somerset's Charlton House hotel>>

First-quarter hospitality insolvencies fall by half>>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs
Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking