Pub company collapsed with deficiency of £8.1m as buyer sought

New details have emerged of the difficulties that faced a pub group operating across the North East and Yorkshire before its failure last month.
As a search is under way to find a rescue buyer for 25 venues, documents prepared by administrators of Milton Portfolio Op Co 3 Limited, owned by property investment firm Aprirose, show the firm had a deficiency of £8.1m when it collapsed. That includes more than £3m owed to lender Metro Bank and more than £891,000 owned to regional creditors, among which there are small brewers.
Insolvency experts at Interpath Advisory were called in to the firm following challenges dealt …