Administrators appointed to RedCat Leased Pubs Limited

Nick Holloway and Steve Absolom of Interpath Advisory were appointed as joint administrators to RedCat Leased Pubs Limited (‘RCLP’ or ‘the Company’) on Thursday 28March 2024.

RCLP operates 10 pubs across the UK and is a subsidiary of the RedCat Group.  All other RedCat Group entities continue to trade as normal.

The company has since been impacted by the wider challenges facing the pub sector, notably, recovery since COVID-related lockdowns, changing consumer habits and the cost-of-living crisis. Joint administrators were appointed after the loss-making business was unable to meet its financial obligations.

The Joint Administrators have commenced a process to market the leases, business and assets of all of the pubs. The three tenanted sites will continue to trade together with two of the managed sites. Upon appointment, the remaining five sites have been closed. RCLP has no employees.

Sites that remain open under sub-tenant agreements (3):

• Garden Farm (Carlingford Road, Chester-Le-Street)
• Railway Tavern (The Market Square, Edmonton)
• Cumberland Arms (North End Road, Kensington) 

Managed sites that remain open (2):

• The Bull Inn (Barming, Maidstone)
• The Occasional Half (Palmers Green, Enfield)

Site closures (5):

• The Redback (Fulham Road, Fulham)
• Chiltern Taps (Oxford Road, High Wycombe)
• Elmbridge Arms (Weybridge High Street, Weybridge)
• The Gatehouse (High Street, Tonbridge)
• Colton Arms (Greyhound Road, West Kensington)

Nick Holloway, Managing Director at Interpath Advisory and joint administrator of RCLP, said: “RCLP comprises a group of pub sites in prominent locations, predominantly in London and the South East. Financial challenges have weighed heavily on the Company in recent years which rendered it unable to continue in its current form. The administration now provides a period in which we can undertake a marketing process to explore a sale of business and assets of the pubs either individually or as a group. We expect interest from across the industry. Regrettably, the financial position of the business means that five sites have now closed.”