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Birmingham Post
Birmingham Post
Business
Jon Robinson

Around 150 jobs saved after deal agreed for six Seafood Pub Company venues

Around 150 jobs have been saved after a deal was struck to sell six pubs previously operated by Lancashire-headquartered Seafood Pub Company.

The Oakman Group has snapped up the venues from the administrators and Seafood Pub will now become its third brand.

Joycelyn Neve, the founder and former managing director of Seafood Pub Company, will join The Oakman Group as the managing director of the new division.

The move is part of the group's aim to have 40 pubs in its portfolio by the end of 2021.

Ms Neve said: "I have been a huge admirer of The Oakman Group, its ethos and its ambition.

"They have acquired the cream of the Seafood Pub Company sites and I’m confident that, with the Oakman team’s support, we will prove to be enormously successful.

"My expectation at this stage is that all six pubs will reopen on May 17th and we will immediately start work on putting our new teams together."

The six sites that Oakman has acquired are Alma Inn, Colne, Derby Arms, Longridge, Farmers Arms, Great Eccleston, Fenwick Arms, Claughton, Fleece Inn, Addingham, and Forest Inn, Fence.

Dermot King, chief executive of The Oakman Group, added: "I am delighted that we have agreed terms to acquire these sites which represent the next stage in our strategic development as we look to extend our boundaries beyond our Home Counties heartland.

"We believe that there is significant untapped potential in the premium pub sector, and I am not placing any upper limits on our ambition."

Noel Moffitt, senior director at Christie & Co., handled the sale on behalf of the administrators, BDO, and national law firm, Freeths, advised on the deal.

Barrowford-headquartered Seafood Pub Company entered administration in June last year.

Oakman Inns was founded by entrepreneur and its executive chairman, Peter Borg-Neal, in 2007 when he opened The Akeman in Tring.

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