A popular pub looks set to remain open in Belper – despite its parent company going into administration.
The company, which owns popular town nightspot The Green House has gone into administration putting jobs at risk across the group.
Bramwell pub company, operates 185 pubs across the country, including the King Street bar, and employs 3,300 staff nationwide.
The ‘challenging economic environment’ has been blamed for ‘cash flow problems’ and administrators Zolfo Cooper have been appointed.
However, a spokesman for the Green House pub, which employs around 15 people, said that the venue was staying open.
“It’s business as usual here,” the spokesman said. “Another chain is looking to buy the pub and the jobs are secure.”
Bramwell Pubs and Bars Limited also operates The Peregrine in Chaddesden, The Green House in Belper, The Charter in Ilkeston and The Lockstone in Long Eaton among its pubs.
Buckinghamshire-based Bramwell reported a £117.7 million pre-tax loss in its latest accounts after experiencing £115.1million exceptional costs to settle debts in the year ended September 29, 2012.
Bramwell bosses admitted last week that a restructuring in 2012 did not go far enough in cutting the group’s then £160 million debt.
The firm, formerly known as Barracuda, also operates pubs under three other names: Wild Lime Bar and Kitchen, Smith & Jones Pubs and Varsity.
n Meanwhile, a new ‘micro-bar’ is set to open next week in Belper.
Arkwright’s, a real ale bar, will be located underneath the Strutt Club on Campbell Street but will operate independently and is open to all members of the public.
The bar opens on Friday, November 22 but the official opening will take place among invitees on Thursday, November 21 when the Mayor of Belper, Councillor Deborah Biss, will perform the ribbon cutting ceremony at the new business.