March’s historic Griffin pub together with The Case at Wisbech are looking for potential buyers after current owners Bramwell Pubs and Bars Limited went into administration.
Bramwell Pubs and Bars Ltd, which was formerly the Barracuda group, was placed into administration on October 31.
Peter Saville, Kevin Coates and Anne O’Keefe, partners in advisory and restructuring specialists Zolfo Cooper, have been appointed as joint administrators.
Bramwell operates 185 pubs and bars across the UK including the two Fenland hostelries and employs approximately 3,300 staff across all the sites.
The firm has been experiencing cash flow problems as a result of the current challenging economic climate.
Zolfo Cooper’s Peter Saville said: “We will continue to trade the business while exploring all possible options for its future including a sale of the business and would like to thank the staff for their continued support and professionalism during this process. We would invite parties wishing to make an expression of interest in certain sites to contact Zolfo Cooper.”
The Barracuda group bought Ye Olde Griffin in early 2008 and spent months and £1.85 million carefully restoring the landmark hostelry, which is a Grade II listed building and dates back to the 1600s.
It re-opened in September 2008 under the trendy Smith and Jones brand. It enjoyed a further £60,000 make-over in April 2011 and was due for another update this year.
The Case pub at Wisbech has been part of the group for a similar amount of time.