SUBSCRIBE

News > Venues

News in brief

Clover Taverns falls into administration

By Luke Nicholls , 07-Mar-2012
Last updated the 07-Mar-2012 at 18:08 GMT

Related topics: Business, Venues, Legislation, Pubs & Bars

Manchester-based pub group Clover Taverns, which operates 10 venues across the country, has fallen into administration.

Manchester-based pub group Clover Taverns operates 10 venues across the country

Manchester-based pub group Clover Taverns operates 10 venues across the country

The administrators, Duff & Phelps, are currently reviewing the financial position of the Company and are working closely with Spirit Pub Company with a view to finding alternative tenants for the venues.

John Whitfield partner of Duff & Phelps, said: “It has been well publicised in the press that consumers discretionary spending has reduced and inevitably, the leisure sector has seen the impact of this.

“Under the current economic climate, the downturn in trade has exacerbated cashflow demands.  With the support of the Brewery, the ten public houses will continue to trade under the supervision of the Administrators. We are confident that there will be a significant amount of interest."

The 10 pubs and taverns are as follows: 

  • Woodside - Crewe and Nantwich
  • Wheatsheaf - Peterborough
  • The Bayhorse - East Ardsley
  • The Old Black Bull - Preston
  • The Fox - Basford, Nottingham
  • The Shakespeare - Manchester city centre
  • The Black Bull - Rippon
  • The Brass Cat - Halifax
  • The Bell Inn - Coleshill, Birmingham
  • The Long Barn - Slough

Properties of the week

N Yorkshire: The Blacksmiths Arms

£550,000.00 - Freehold

Characterful public house / restaurant (70 covers) opportunity with living accommodationWeekly turnover, approx....

Staffs: The Crown - Free of Tie Pub with Bar and Restaurant.

Nil Premium - Tenancy

A terrific opportunity to operate an attractive country pub and restauarant in South Staffordshire.The Crown at...

1 2