Morpeth-based company in administration
Northumberland leisure company Centro Pub Company has gone into administration.
Centro, run by entrepreneur Alan Newton from a base in Morpeth, has six outlets across the North East and was in the process of developing a seventh.
Credit records show Centro has more than £100,000 in unsatisfied county court judgements against its name. Centro has assets including Shooters bar in Morpeth, Sammy Jack's in Tynemouth and Jimmy Allen's in Durham.
The company employs around 70 staff and last year had a turnover of around £7m.
Administrator Joe McLean of Grant Thornton, said: "The pubs in the portfolio have continued to trade under my control. We are still looking for a buyer and we are in discussions."
We'd like to hear from you. Send your stories, pics and videos
Older/Newer
« Cambo school tasting success | Sign of times as Morpeth recovers »
Click here to find some great days out and fantastic family attractions,
Click here to read the new edition of Your Place, incorporating Northumberland County Council's Your County magazine.
We want to publish your blog on one of our community websites. Find out more.
Living or working in Morpeth? We'd like to hear from you. Send your stories, pics and videos
Keep up to date subscribe to our RSS feed
Journal Extra, Northumberland's free weekly, is inside copies of The Journal across the county every Thursday, and can also be picked up from these locations around Morpeth »
Leave a comment