The news of Blackpool based Publicana going into administration has been met with calm disregard by the Pubcos company Punch Taverns who it managed a number of venues for. They will be talking to the administrators about transferring the dozen or so sites to another management company.
Indeed Punch Taverns are embarking on a investment drive, investing £20m on 450 of its pubs across the UK, to help Partners drive trade and grow their businesses.
The Investing For Growth (I4G) scheme will see an average of £37,000 spent at each pub to deliver small-scale improvements and ‘sparkles’ that will set pubs up for success and help increase trade in the run-up to the important World Cup and summer trading period.
Questions are still being asked as to what went wrong for Publicana which seemed to be in a strong profitable position, at one time managing close to 130 outlets nationally, with its model of taking over under-performing venues and temporary management sites.
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