There is nothing better than a refreshing pint at the end of a day long walk with the dog. It is therefore encouraging news that administrations are falling within the public house sector according to The Publican. The beer trade journal goes on to record that:
"Pub sector insolvency levels remain high in the second quarter of 2010, despite a slight fall in the first quarter of the year, new figures show.
The latest UK insolvency figures show that levels overall remain high, with administrations falling slightly but liquidations still at high levels.
Mark Wilson, partner at Baker Tilly Restructuring and Recovery LLP, said: “This quarter’s insolvencies levels in the licensed trade may be a modest fall on Q1 2010 numbers, but are still as high as they were in Q1 2009 at the peak of the recession.
"The industry should remain cautious, particularly as the sector has been put on notice for the impending VAT hike."