Flagship Lifeboat in Thornham one of four Marco Pierre White pub in administration: The flagship Lifeboat in Thornham, Norfolk, widely regarded as one of Norfolk’s finest coastal inns, is one of four pubs operated by Marco Pierre that has gone into administration. A Zolfo Cooper spokeswoman said: “The administrators were appointed as a result of the businesses experiencing short term cash flow problems arising from the recent challenging economic environment. The venues are very popular and have a healthy number of existing bookings, which the administrators fully intend to honour. We believe the businesses are attractive to a range of potential buyers and we welcome expressions of interest from third parties to acquire any or all of the sites. We would also like to thank the staff for their continued support and professionalism during this process.” The group includes The Wayford Bridge Inn and the Acle Bridge Inn on the Norfolk Broads and the Chequers Inn, Thornham. The pubs are part of Horatio Inns. The most recent accounts, the year to 31 March 2013, show turnover of £6,343,806 and an operating loss of £200,839, following on from an operating loss of £392,522 for the 15-month accounting period before.
Posted on: Fri, 23 Jan 2015 08:06:52 +0000
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