Charter owners in administration

The Charter, Ilkeston.
The Charter, Ilkeston.
1
Have your say

The company, which owns popular Ilkeston nightspot The Charter has gone into administration putting jobs at risk.

Bramwell Pub Company, operates 185 pubs across the country, including the South Street bar, and employs 3,300 staff nationwide.

The ‘challenging economic environment’ has been blamed for ‘cash flow problems’ and administrators Zolfo Cooper have been appointed.

Partner at the firm Peter Saville said that pubs will remain open for the time being and asked for anyone interested in buying certain pubs to get in touch.

“We will continue to trade the business while exploring 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,” he said.

“We would invite parties wishing to make an expression of interest in certain sites to contact Zolfo Cooper.”

Buckinghamshire-based Bramwell reported a £117.7m pre-tax loss in its latest accounts after experiencing £115.1m exceptional costs to settle debts in the year ended September 29, 2012.

The firm– formerly known as Barracuda – also operates under three names: Wild Lime Bar and Kitchen, Smith & Jones Pubs and Varsity.

A manager at The Charter refused to comment on the situation when the Advertiser called this week or reveal how many employees are at risk.

The pub had strict conditions placed on it earlier this year after police complained to Erewash Borough Council about violence.

Managers were forced to agree to close an hour earlier at 1am.

Capacity was restricted to 480, its CCTV coverage was overhauled and glasses have been replaced with polycarbonate vessels from 10am on Fridays and Saturdays.