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Pub company goes into administration 4 November 2013

Bramwell Pubs and Bars Limited has entered administration citing “cash flow problems.”

Peter Saville, Kevin Coates and Anne O’Keefe of Zolfo Cooper were appointed joint administrators of the company on 31 October 2013.

In a statement, Zolfo Cooper cited “cash flow problems” at the company.

Bramwell operates 185 pubs and bars across the UK, with around 3,300 employees.

According to some reports, 25 locations will be closed down immediately.

Peter Saville, partner at Zolfo Cooper, said: “We will continue to trade the business while looking at all possible options for its future including a sale of the business and would like to thank the staff for their continued support and professionalism during this process.”

Byron Nurse of Dentons Restructuring and Insolvency Group, which is assisting Zolfo Cooper, said: “We are delighted to work alongside the administrators seeking to save as many jobs as possible and to achieve the best possible outcome for all stakeholders.”

The administrators are looking for potential buyers for the Bramwell properties.

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