Portfolio of 10 Freehold Pubs – Administration
Moorfields were appointed as Administrators over a portfolio of 10 freehold public houses located across Hertfordshire and the South Coast. The portfolio, with a combined value of approximately £9 million, included a mix of tenanted and vacant premises.
The pubs formed part of a wider hospitality business experiencing sustained financial pressures due to challenging market conditions within the licensed trade sector.
Objectives
- Preserve value across both trading and vacant sites.
- Maintain tenanted operations to generate income during administration.
- Prepare vacant sites for marketing to attract interest from sector buyers.
- Achieve a portfolio sale to deliver the best outcome for creditors.
Moorfields’ Actions
- Conducted a full assessment of the estate to determine trading performance and asset value.
- Managed tenant relationships and ensured ongoing rent collection where applicable.
- Worked with specialist leisure property agents to market the portfolio to strategic buyers.
- Coordinated due diligence, negotiation, and sale execution to optimise realisations.
Results
- Successfully sold the entire portfolio to Pubs’n’Bars as a going concern.
- Value maximised through a consolidated sale rather than piecemeal disposals.
- Operational continuity maintained for tenants, safeguarding local businesses and employment.
- Strong outcome achieved for secured creditors and stakeholders.
