Pubs carry on trading after firm folds

The Corby Candle
The Corby Candle

Pubs managed by a company which has gone into administration, with the loss of 13 jobs, are open for business.

HK Taverns, founded and run by the late Harry Kelly, managed and operated around 50 pubs in the East Midlands.

Among them were Corby pubs The Cardigan Arms, The Lincoln, The Corinthian and The Corby Candle in the town centre, The Open Hearth, The Talisman, The Phoenix, and the Everard Arms.

Graham Bushby and Guy Mander of Baker Tilly Restructuring and Recovery have been appointed joint administrators of HK Taverns.

A spokesman for the company said: “A total of 13 people have been made redundant at the company’s head office in Corby.

“We will continue to trade at five sites and at the other premises the leases have been given up and handed back to the relevant pub companies.”

A spokesman for Enterprise Inns, based in Solihull in the West Midlands, which owns several of the pubs in Corby, said: “We can confirm that a new company has been appointed to run our sites in Corby. We would like to reassure residents and customers of these pubs that their local will continue to trade as normal.”

Mr Bushby, restructuring and recovery partner at Baker Tilly said: “Since our appointment we have worked closely with the pub company landlords to facilitate an orderly handover of the leasehold portfolio, thereby in many cases saving jobs and preserving value for all parties.

“We anticipate continuing to trade at five sites, which will secure around 40 jobs, until a buyer for the individual pubs or the Group can be found.”

The five sites are The Admiral Hornblower in Oakham, Red Lion in Rothwell, the Wishing Well Inn in Dyke, Beehive in Grantham and Magnet Tavern, Boston.

In addition HK Taverns managed the White Lion and Star Inn, Geddington, the King’s Arms in Desborough, The Bluebell and Woolpack in Rothwell, the Cardigan Arms in Stanion, The Prince of Wales and the Old Market Inn, Kettering, The Horseshoe in Wellingborough and the Welcome Inn Rushden.