The Haven - Not an Open/Shut Case

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Pub operators remaining tight lipped about plans

Faucet Inn Pub Co, which operated Chandlers and The Haven in Ealing town centre is understood to have gone through a pre-pack administration process which which means although the business is in difficulty trading can continue.

Chandlers shut last month and Ealing Today was informed that The Haven had closed 'indefinitely'.

The trade magazine for the pub industry - The Publican - reported that Faucet's annual accounts for the 12 months to May 30, 2009, filed with Companies House, show turnover dipped 1.3 per cent to £6.85m, while the group posted a pre-tax loss of £57,000, against the previous year's profit of £151,000.

As at May 30 last year its trade creditors were owed £1.06m.

Steve Cox, the entrepreneur who founded the company in 2000, has now apparently bought a number of the sites from the administrators. It's unclear whether The Haven is one of them - but details about the Ealing pub remain on the company website.

Neither the company or accountancy firm Baker Tilly, which handled the pre-pack, have been returning calls to clarify the situation.

According to Faucet Inns' website it now operates 18 pubs (including The Haven) down from the original 27.

 

 

 

February 18th 2010