Jam Circus and The Royal Albert up for sale

Accountancy Age has interviewed the administrators of Antic Ltd, the offshoot of Antic London, that went into administration earlier this month, threatening the future of local pubs including Jam Circus and The Royal Albert.

Critically, administrator Richard Toone, of Chantrey Vellacott says that the pubs have a viable future and that they should be sold as going concerns:

"We are welcoming offers on each of the individual leaseholds, and the company's business and assets as a whole," said Toone.

"The main factor behind the business going into administration is due to a HMRC bill it has struggled to resolve. The pubs are very popular and the business should be profitable and the substantial interest and offers which have been made reflect this." 

Pubs run by Antic Ltd's parent company Antic are not affected by the administration.

With thanks to Tom.