The Seafood Pub Company has collapsed into administration after it failed to secure funding to help support it through the ongoing pandemic.
According to the Lancashire Telegraph, founder Joycelyn Neve reportedly informed staff of the administration in a letter that circulated last Friday (12 June).
The letter read: “It is with a very heavy heart that I am writing to tell you that we have not been able to secure the funding needed for the business to survive.
“As we were not granted a coronavirus business interruption loan the next step was for us to try and raise funding from the bank and our investors. Whilst both were supportive, the investor fundraise failed, as did my subsequent management buyout attempt.
“Without funding and no income since the forced closure, we have no choice other than for the business to go into administration.”
Neve founded the company in 2010, which operates 10 sites across the UK, including Longridge-based Derby Arms, The Inn in Harrogate and and Pendle-based Barley Mow.
In a statement seen by the Lancashire Telegraph, Neve said: “The past few months have been unprecedented for the hospitality industry. Unable to access Government support or other funding, and with no income since the forced closure, there is no choice other than for the business to go into administration.
“It goes without saying I am truly heartbroken, to have lost my business, but even more so for my team and seafood family. We fought as hard as possible, every step of the way and I am just so sorry to all the team that we weren’t able to save the business.
“I can’t thank the team, guests, suppliers, neighbours and everyone who has been part of Seafood Pub Company enough, for your hard work, support and friendship the past nine years and especially for your kindness and well wishes in this incredibly difficult time.”