NEWS move to “simplify” business model
as usual” S&N pubs
said there is a “very good match of strengths” between his own company and LT Pub Manage- ment.
A spokesman for S&NPC at Heineken UK said the new op- erators are “well-known and experienced” in the leased pub sector.
“The plan to transfer manage- ment of the R&L pubs formed an important consideration in our recent restructuring an- nouncement and is entirely consistent with our desire to simplify our business model and focus on a high-quality well-supported pub estate,” he said.
Lessee George Williams, who erred from S&NPC to LS&LT as part of the deal.
LS&LT portfolio, which totals 1000 pubs across the UK. “We have made contact with all of the lessees and it is very much business as usual,” said LT Pub Management chief ex- ecutive Billy Buchanan. Paul Whitford, managing di- rector of Licensed Solutions,
runs the Portcullis in Arbroath, which has transferred to LS&LT as part of the deal, said it’s “early days” for the new ar- rangement.
“It is a change – what kind
of support are we going to get from this company?” he said. “We’ll have to wait and see. But there’s so much bad feeling in the trade just now that we’re all better off trying to work to- gether.”
hits the buffers
discussions with the bank and encouraging reviews by busi- ness advisors on the business operation and trading, the bank withdrew its facilities on Friday October 1. This directly resulted in the business being placed in administration.” Administrators Zolfo Cooper
have appointed property com- pany Jones Lang LaSalle to market the hotel, which has a price tag of offers over £1.1m. “Ardeonaig is really quite an
exceptional property in a stun- ning location in the heart of Perthshire,” said Jones Lang LaSalle’s Alan Creevy. “The hotel was won various
fi ve thatched Rondawels (African roundhouses).
and were led to believe that the bank would continue to sup- port the business through our cash fl ow diffi culties. “Regretfully, despite positive
awards but unfortunately ran into fi nancial diffi culties due to the costs involved in the refur- bishment in 2008. “Nonetheless, this was an ex- ceptionally profi table business with sales net of VAT in excess of £1.3 million and profi ts close to £400,000 p.a.”
HAVE THE VODKA DRINK The bottling facility is operational.
New era for Highland distiller
THE fi rst batch of single malt rolled off the line at The Glenmorangie Company’s new bottling facility late last month. The opening of the purpose-built bottling hall, at the Alba Business Park in Livingston, marks the end of a two-year multi-million pound investment programme by the fi rm, which has seen it refocus on its core single malts: Glenmorangie and Ardbeg.
Over the past two years the company has sold its Broxburn bottling and warehousing site; moved its headquarters from Broxburn to central Edinburgh; increased capacity at its Glenmorangie Distillery in Tain, Ross-shire; and upgraded visitor facilities at Ardbeg on Islay. Operations director Peter Nelson said the investment was aimed at helping the fi rm meet future demand for its single malts.
Bar fl ooded by job seekers
THE owners of a new Edinburgh bar were “gobsmacked” after a job advert for three positions is said to have attracted 300 applications within 24 hours. The response was so
great that LA White Leisure, which is due to launch Hyde Out at Edinburgh Quay tonight (November 11), removed the advert after a couple of days. “We’re delighted with the response, but also very shocked at the huge number of people who applied for these jobs,” said general manager Rowan Milne.
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November 11, 2010 - SLTN - 3
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