New Pub Company, the seven-strong group led by former Massive managing director Peter Linacre, has been placed on the market with a valuation of around £5m, M&C Report has learnt. The group, which was formed in 2009 after Linacre took on five of the former 12-strong Glasshouse estate that under went a pre-pack administration, comprises seven Scottish & Newcastle Pub Company tied-leased pubs spread across London and the south-east. It is understood that Davis Coffer Lyons has been appointed to advise on the sale of the business. Linacre told M&C Report that the group was under no pressure to sell and would continue to operate the business if an acceptable offer was not forthcoming. He said: “We believe that with the momentum currently behind the company that this was a good moment to explore our options.” Earlier this year, New Pub Co reported that site EBITDA was set to exceed £1m on annual turnover of around £6m in the current financial year. It is believed that like-for-like sales are currently up 13% on the previous year. The company, which is debt free, forecast that EBITDA will hit £1.5m in the next 18 to 24 months as turnover grows to £7.1m on the back of further investment. Mahdis Neghabian of the company’s Camden Eye site was recently crowned BII Licensee of The Year 2012. The group also operates the Glasshouse in New Malden, the Cricketers in Hartley Wintney, the Black Lion in Hammersmith, the Hare & Hounds in Claygate, the Griffin in Whetstone, and the Colliers Tup in Colliers Wood.