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Fri 5th Dec 2025 - Update: Middletons Steakhouse & Grill, Punch Pubs et al |
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Middletons Steakhouse & Grill acquired out of administration for £170,000: Gastro Pubs, the parent company of the Middletons Steakhouse & Grill, was acquired out of administration by a new group controlled by its existing shareholders for a total consideration of £170,000, Propel has learned. Tim Bateson and James Clark, of Interpath, were appointed joint administrators to Gastro Pubs on 14 November. The company – which was founded in 2011 in Middleton, Norfolk – operates seven restaurants in Chelmsford, Colchester, King’s Lynn, Leicester, Milton Keynes, Norwich and Peterborough. The transaction saw all seven of the group’s sites acquired by the new business, which includes the company’s founder Stephen Hutton. The existing shareholders of the business beat a rival bid of £150,000 to secure the business. Propel revealed in October that Gastro Pubs was working with Interpath and Fleurets to again explore its options, including a sale, two years after it underwent a company voluntary arrangement. The group undertook a financial and operational restructure in 2023, which left it with no external bank debt. Turnover for the year to 28 April 2025 was £7.2m (2024: £7.8m), with Ebitda of £100,000 (2024: £400,000). Turnover for the year to date (three months to 20 July 2025) stood at £1.4m, with Ebitda of minus £100,000. In its administrators report Interpath said: “Despite the 2023 financial restructuring, which materially reduced the company's interest burden, the company started to once again experience financial challenges in late 2024 and early 2025 which the directors attribute to the challenging market conditions facing the casual dining sector outside of London. In the first three months of the company's current financial year (three months to July 2025) all but one of the company's restaurants was loss-making with the group reporting an Ebitda loss of £100,000. The losses ultimately resulted in liquidity challenges, and consequently the company became unable to meet its HMRC liabilities, including both current liabilities and historic liabilities from 2024 which were subject to a Time to Pay agreement. Following a review of the financial position of the company in August 2025, and in the absence of any further shareholder appetite for funding, the directors concluded that they should explore external funding and sale options available.” HMRC were owed £700,000 from the company at the time of the appointment of the administrators.
Premium Club subscribers to receive new searchable and segmented New Openings Database today: The next Propel New Openings Database will be sent to Premium Club subscribers today (Friday, 5 December). The database will show the details of 181 site openings, including which company has opened a site or its plans to open one in the future. The database will have details on what type of site it is and its location, and there will also be a website link to the businesses. The database is published on a monthly basis and Premium Club subscribers will also receive a 11,986-word report on the 181 new additions to the database. It is segmented into seven categories – cafe bakery, casual dining, experiential leisure, fine dining, hotels, pubs and bars, and quick service restaurants – making it even easier for users to search. The database includes new openings in the hotel sector such as Bespoke Hotels, the UK’s largest independent hotel group, opening its new Hotel Gotham in Newcastle, Village Hotel Club, opening its new site in Reading, and budget motel concept Mollie’s, opening its new site in Manchester. Premium Club subscribers also receive access to five other databases: t he Turnover & Profits Blue Book, the Multi-Site Database, the UK Food and Beverage Franchisor Database, the UK Food and Beverage Franchisee Database and the Who’s Who of UK Hospitality. All Premium Club subscribers will be offered a 20% discount on tickets to Propel paid-for events and discounts on specialist sector reports. Operators that are Premium Club subscribers are also able to send up to four members of staff to each of our four Multi-Club Conferences for free. Premium Club subscribers receive their daily Propel Info newsletter 11 hours earlier than standard subscribers, at 7pm the evening before. They also receive videos of presentations at eight Propel conference events two weeks after they are held. This represents around 100 videos of industry insight over the course of the year. Premium Club subscribers also receive exclusive opinion columns every Friday at 5pm, which include the thoughts of Propel group editor Mark Wingett and a host of industry leaders from across the sector. A Premium Club subscription costs an annual sum of £495 plus VAT for operators and £595 plus VAT for suppliers. Companies can now have an unlimited number of people receive access to Premium Club for a year for £995 plus VAT – whether they are an operator or supplier. Email kai.kirkman@propelinfo.com today to sign up.
Punch Pubs CEO – we urge the chancellor to act swiftly to prevent irreversible damage to our industry: Andy Spencer, chief executive of Punch Pubs & Co, has written to the chancellor to express concern about the impact the recent budget will have on the hospitality sector, and pubs in particular, and urged her to “to act swiftly to prevent irreversible damage to our industry”. Spencer wrote: “We entered this budget process with the expectation that your government would recognise the significant challenges currently impacting Great British pubs, and uphold your manifesto commitment to support the sector, and ‘level the playing field between the high street and online giants’. Regrettably, this budget introduces additional costs and challenges for an industry that is already experiencing material challenges, leaving publicans facing significant financial and mental strain. The most pressing issue is business rates. The revaluation from April 2026 has wiped out any benefit from the reduced multiplier of 5p, leaving pubs facing eye-watering increases. Across our estate of 1,300 community pubs, we will see a significant rise in rates payable, even with the reduced multiplier and transitional relief. UKHospitality analysis shows that by 2028/29, rates payable for pubs will have increased by 76%, compared to just 4% for large supermarkets and 16% for online distribution warehouses. This is not levelling the playing field; it is tilting it further against community pubs and our high streets. We repeatedly warned that the pandemic’s impact on previous valuations would uniquely disadvantage hospitality businesses. The decision not to implement the maximum permitted discount of 20p for hospitality properties, as allowed by law, means many publicans will face harsh financial choices, forcing them to pull back on investment when they should be focusing on growing their businesses, creating meaningful employment opportunities and delivering sustainable tax receipts for the Treasury. Transitional relief, whilst welcome, will merely delay the impact of cost increases, draining any recovery in confidence as support tapers away and huge increases bite. Alongside this, the sector faces further rising employment costs, a punitive holiday tax, heightened energy bills and a further 3.66% increase in alcohol duty from February 2026, with no uplift in draught relief. These additional pressures compound the challenge for operators already working on tight margins. Even prior to this latest hammer blow, increasing expenses and high taxes have meant that only 12p from the typical £4.80 selling price of a pint goes to profit. Pubs are more than businesses; they are vital social hubs at the heart of communities. If your government is serious about supporting growth, protecting jobs and upholding your manifesto commitment to our sector, urgent action is needed to revisit the rates multiplier discount for pubs. Increasing the discount from 5p to 20p with immediate effect and delaying the business rates revaluations for the hospitality sector until the end of this revaluation term would deliver meaningful relief and help safeguard thousands of pubs across the UK. We urge you to act swiftly to prevent irreversible damage to our industry and to ensure that your government’s commitment to fairness and community prosperity is upheld. The alternative is closures, with committed hospitality professionals and communities bearing the brunt.” Workers could be awarded unlimited compensation for unfair dismissal: Workers could be awarded unlimited compensation for unfair dismissal in a deal to appease unions over changes to Labour’s employment rights reforms. Bosses were likely to be “more cold blooded” during probation periods, employment experts warned, if the cap for fines levied on employers was scrapped. Ministers want to ditch the £118,000 limit for compensation after they watered down plans to give workers protection against unfair dismissal from the first day of employment, reports The Times. Last week, the government said it now intended to introduce that right after six months of service. Other day one rights, to parental leave and sick pay, are set to go ahead. Under a separate compromise with Angela Rayner, the former deputy prime minister who led the reforms, Peter Kyle, the business secretary, will speed up the implementation of the unfair dismissal protection. It will come into effect on 1 January 2027. Rayner said: “Workers recruited in July 2026 will automatically get protections from unfair dismissal when the law comes into force.” The bill, Labour’s workers’ rights package, has been caught in a stand-off between peers and MPs over the original plan to give workers the protection on day one, as well as measures to ban “exploitative” zero-hours contracts. It was hoped that backing down on day one rights against unfair dismissal would help break the deadlock. Currently, workers can be awarded either their annual salary or up to £118,233 – whichever is lower – in compensation if they win a claim for unfair dismissal. However, government sources said most awards tended to be far below the cap. Kyle is set to lay out changes to the bill when it returns to parliament on Monday. Andrew Griffith, the shadow business secretary, said: “Moving to unlimited payouts at employment tribunals is the sort of out-of-touch idea which this government seems to specialise in. It would benefit higher-paid workers the most but be a huge burden on the tribunal system and businesses alike.”
Pubs could serve pints until 1am if England reach World Cup quarter finals: Pubs could be allowed to serve pints until 1am if England reach the quarter finals of the World Cup next year. Home Secretary Shabana Mahmood wants to extend opening hours if the Three Lions, or any home nation, reach the quarters, semis or final. The proposed rules will allow pubs in England and Wales to stay open until 2am for games that kick off before 9pm. For games that start later, pubs will have to apply for permission, reports The Daily Mail. Games at the 2026 tournament are likely to kick off later to help players cope with the heat in the US, Canada and Mexico. They could start as late as 2am UK time. Lawson Mounststevens, managing director of Heineken's Star Pubs, which runs 2,400 licensed premises in the UK, said: “Big set piece events like the World Cup are massive for bringing people together and should be a huge boost for the economy. Typically, we see trade increase by over 20 per cent during these tournaments. Extended hours will be welcomed by publicans across the country and we're all hoping England progress deep into the tournament. If you can’t be at the games, nothing beats watching them in your local with a great pint.” Emma McClarkin, of the British Beer and Pub Association, said: “The pub has and always will be the home of live sport and there's no better place to gather under one roof during moments of huge national significance and make memories. Our sector plays a huge part in boosting community spirit and extending licensing hours will mean that people can gather for longer at their local to cheer on our brilliant teams.” Opening times were loosened for the women’s Euros final this year and in 2022, as well as the men’s Euros final last year. A six-week consultation on the proposals for next year started yesterday. Mahmood said: “Our nation’s pubs are going into extra time. This World Cup could be the first in over 60 years with every home nation there. The party won’t end before the final whistle is blown.”
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