10 Freehold Pubs
Moorfields Advisory were appointed as Administrators over a portfolio of 10 freehold public houses owned by an AIM-listed holding company. The properties, valued at approximately £5 million, were subject to £7 million of bank debt.
The appointment followed financial pressures across the group, requiring a structured trading period and an orderly realisation strategy.
Objectives
- Maintain operations and safeguard employment while trading continued.
- Maximise recoveries for the secured lender through selective asset disposals.
- Preserve goodwill and trading potential at each site to enhance sale values.
- Execute a controlled wind-down and sale process across multiple freehold assets.
Moorfields’ Actions
- Continued to trade the business for 18 months to preserve value and cash flow.
- Undertook operational management and financial monitoring of all sites.
- Engaged specialist agents to market the pubs individually, ensuring optimal exposure.
- Managed stakeholder communications, including the secured lender and AIM-listed parent.
Results
- All 10 pubs successfully sold as individual freehold units, maximising sale proceeds.
- Trading continuity maintained throughout the administration period.
- Lender recoveries optimised through an extended trading strategy.
- Employees and community value preserved during the disposal process.
