Overview
- Interpath appointed Tim Bateson and James Clark as joint administrators before selling the business out of administration.
- The buyer is a new group controlled by Middletons’ existing shareholders.
- Administrators said all seven restaurants will keep trading with no closures required.
- They cited rising labour costs and other trading headwinds that proved insurmountable for operator Gastro Pubs Limited.
- The deal preserves jobs and keeps sites in Chelmsford, Colchester, King’s Lynn, Leicester, Milton Keynes, Norwich and Peterborough open, with one report putting the jobs saved at 159.