KPMG finds buyer for Valleyhill pubs

The deal secures the jobs of 546 people at licensed premises across the UK.

Nimmo, joint administrator and KPMG corporate recovery partner said: 'Following a huge amount of interest in the administration of Valleyhill, we are pleased to bring about a sale of its assets as a going concern and we would like to take this opportunity to thank the staff and suppliers for their support during this difficult period.'

Moriarty and Nimmo were appointed joint administrative receivers to Valleyhill Ltd, Valleyhill Bars Ltd and Valleyhill Pubs Ltd on 7 May 2004.