Administrators from FRP Advisory have been appointed to the operating company of six pubs based in Somerset and Devon.
Singer Inns and Taverns Limited entered administration following a period of unsustainable pressure on the company’s cash flow.
The company is responsible for the management and operation of six pubs, three of which have already found new owners, securing the jobs of 46 staff.
Andrew Sheridan and Gareth Morris of FRP Advisory were appointed as joint administrators to Singer Inns and Taverns.
The Inn on the Shore in Torpoint (owned by Punch Taverns), The Cherub in Dartmouth, and The Kings Arms in Tedburn St Mary’s all continue to trade under new tenants.
The Orchard Inn in Taunton, which employs 14 staff, continues to trade in administration as administrators seek a buyer.
Both the Globe Inn in Sampford Peverell, Tiverton, which had 18 staff, and the Dartmoor Halfway Inn in Bickerton, Newton Abbott, which had 13 staff, have ceased trading with the leases for each premises reverting back to their landlord brewer owners, resulting in the loss of all staff jobs.
Sheridan said: “Singer Inns operated well-known local community pubs and each enjoyed a history of good trading.
“Despite the strong underlying operational performance of the pubs the company had too much debt to service having paid significant premiums for some of their leases and for the freehold at the top of the market and ultimately they simply ran out of cash.
“We are pleased that already 46 jobs have been saved and we are confident that The Orchard Inn will be sold to new owners saving another 14 jobs.
“Trading continues as normal through the administration process and over the past two Sunday lunchtimes, all the covers were sold which is a reflection on the appeal of the pub, the quality of its food and testimony to the friendly and able staff front of house.”