Company Pubs n Bars the owner of 87 local pubs situated primarily in the south-east of England has collapsed into administration after falling victim of the decline in consumer spending. The Aim-listed company yesterday appointed Grant Thornton as administrator, who warned that some pubs will close. Pubs n Bars which had debts of around £ 24m, were also hit by the smoking ban, credit insurers scaling back cover for providers and a decline in revenue from machines on the premises. The Hobgoblin Staines is a PNB public house so is threatened with closure.
A director of the company, David Thurgood, has admitted that some of the weaker units may need to be closed. The alarm bells started to ring for the Staines Hobgoblin manager Jensen Nightingale on last Tuesday night when his Sky TV was switched off without warning during a game.
Last night (10 Dec) scores of music fans gathered at The Hobgoblin (The Hob) – which is Staines most important music venue – to see BIG TRUCK, MIDGAR and VITAL INC play. This Saturday (12th Dec) the venue is set to be hosting an EP launch night for exciting new local band the DIRTY CRAWLERS – and the landlord fully expects to fill the pub to capacity (tickets still available behind the bar or on the door on the night.)
Hob resident promoters Buckle Up are asking that every live music lover and local ‘regular’ tries their best to support their local venue at this important time especially in the run up to Christmas, to avoid the possible closure of this very important asset.