More doubt over town pub’s future

The Charter, Ilkeston.
The Charter, Ilkeston.

An Ilkeston pub’s future has been plunged into more uncertainty after its parent company, which went into administration last month, has failed to find it a buyer.

The administrators for Bramwell Pubs and Bars has so far failed to find a buyer for a number of pubs across the country, including popular nightspot The Charter.

A spokesman for Zolfo Coopers, which has secured 1,700 jobs at 78 pubs across the country by selling them to the Stonegate Pub Company, is now looking for a buyer for the remaining 107 pubs.

Peter Saville, partner at the administrators, said: “We are extremely pleased to have secured the sale of this significant number of units to Stonegate and we wish Stonegate and the staff all the best for the future.

“Our focus now is on working to secure futures for the remainder of the estate and we continue to invite parties wishing to make an expression of interest in these sites to contact Zolfo Cooper.”

The remaining businesses, including The Charter in South Street and The Lockstone in Long Eaton, have continued to trade.

The manager at the Charter declined to give a comment when the Advertiser called this week – or reveal how many jobs were at risk.

Buckinghamshire-based Bramwell went into administration on October 31, blaming ‘the challenging economic environment’ for its ‘cash flow problems’.

It reported a £111.7m pre-tax loss in its latest accounts after experiencing £115.1m exceptional costs to settle debts in the year ending September 29, 2012.

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

Local pubs on the list that were saved by the deal with Stonegate included The Green House in Belper and The Cape in Nottingham.