PricewaterhouseCoopers has been appointed administrator of Cains, after the
beer company complained of cash flow difficulties resulting from the smoking
The administration will be jointly led by David Chubb, Ian Green and Craig
Cains Beer operates a chain of 100 pubs, including 26 freehold and 76
leasehold pubs, most of which are managed houses.
In addition to new smoking laws, a reduction in consumer expenditure in the
leisure sector is cited as the cause of unpaid debt to HM Revenue &
According to Chubb, Cains Beer is a well-established business with a strong
brand, and he’s confident the continuation of trade is feasible over the coming
‘We have already received some early indications of interest and we would
also invite any parties interested in acquiring either the brewery or pub chain
businesses to contact us as soon as possible,’ he said.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children