Administrators from FRP Advisory have announce they have already found owners for three of the six Singer Inns sites, after the company was placed into administration last month following a period of “unsustainable pressure on the company’s cash flow”.
The Inn on the Shore in Torpoint (owned by Punch Taverns), The Cherub in Dartmouth, and The Kings Arms in Tedburn St Mary’s all continue to trade under new tenants, securing the jobs of 46 staff.
The Orchard Inn in Taunton, which employs 14 staff, continues to trade in administration as administrators seek a buyer.
Both The Globe Inn in Sampford Peverell, Tiverton, which had 18 staff, and The Dartmoor Halfway Inn in Bickerton, Newton Abbott, which had 13 staff, have ceased trading with the leases for each premises reverting back to their landlord brewer owners, resulting in the loss of all staff jobs.
Administrator Andrew Sheridan said: “Singer Inns operated well-known local community pubs and each enjoyed a history of good trading. Despite the strong underlying operational performance of the pubs the company had too much debt to service having paid significant premiums for some of their leases and for the freehold at the top of the market and ultimately they simply ran out of cash. We are pleased that already 46 jobs have been saved and we are confident that The Orchard Inn will be sold to new owners saving another 14 jobs. Trading continues as normal through the administration process and over the past two Sunday lunchtimes, all the covers were sold which is a reflection on the appeal of the pub, the quality of its food and testimony to the friendly and able staff front-of-house.”