Pub company sold out of administration (From Wandsworth Guardian)

Pub company sold out of administration

2:00pm Wednesday 20th February 2013 in News By Alexandra Rucki

A number of pubs in the borough have been saved after being sold out of administration.

Gregarious Limited has bought the assets and leasehold of Antic Ltd after the company went into administration last month.

The pubs include Balham Bowls Club, in Ramsden Road, Balham and Graveney & Meadow, in Mitcham Road, Tooting.

Gregarious Limited will also take over the Wheatsheaf, in Upper Tooting Road, Battersea Mess and Music Hall, in Lavender Gardens as well as the King's Head in Clapham Park Road.

Antic Ltd, the subsidiary company to Antic, will continue to run several pubs in Wandsworth.

Joint-administrators Richard Toone, David Oprey and Kevin Murphy of Chantrey Vellacot DFK said they received more than 20 formal offers for the pubs.

Mr Toone said: "A lot of hard work has been done to get this sale over the line, and we’re delighted to complete a sale of 12 sites which includes the transfer of over 200 jobs.

"The pubs are very popular and since our appointment we received in excess of 20 formal offers.

"We’re pleased to have finalised a deal with the director of Gregarious Limited and are confident the new owners are well placed to stabilise the leases at each of the pubs and make them a success again."