Gastro-pub Group placed into administration
Powder Train LLP, a partnership which holds 5 freehold pubs across the south of England, was placed into administration on 6 February 2013, after several years of difficult trading conditions.
Administrators Julie Palmer, Simon Campbell and Gavin Savage from Begbies Traynor are trading the business forward with a view to maximising value for creditors.
The five pubs are the Anchor Hotel in Warminster, Wiltshire and the George Inn, in Longbridge Deverill, nr Warminster; The Chilli Pad (formerly the Jolly Miller) in North Warnborough, Hampshire; The Chequers Inn in Maresfield, East Sussex and The Handsome Pig (formerly the Kings Arms) in Fernhurst, West Sussex.
Powder Train LLP has been trading since 2006 and employed approximately 100 staff.
Administrator, Julie Palmer, said: “The 5 pubs present a diverse offering geographically and to the market-place. However, the trading businesses appear to be viable in their own right and we expect strong interest in all 5 units over the next few months”.
All enquiries should be made to Julie Palmer or Simon Campbell at Begbies Traynor on 01722 435190.
Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.
Julie is a member of the Insolvency Practitioners Association and the None Administrative Receivers Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.