ADMINISTRATION

Dec 18 2008 by Graeme King, The Journal

NORTHUMBERLAND leisure company Centro Pub Company has gone into administration.

Centro, run by entrepreneur Alan Newton from a base in Morpeth, has six outlets across the North East and was in the process of developing a seventh.

Credit records show Centro has more than £100,000 in unsatisfied county court judgements against its name. Centro has assets including Shooters bar in Morpeth, Sammy Jack’s in Tynemouth, and Jimmy Allen’s in Durham.

The company employs around 70 staff and last year had a turnover of around £7m.

Administrator Joe McLean of Grant Thornton, said: “The pubs in the portfolio have continued to trade under my control. We are still looking for a buyer and we are in discussions with a couple of parties.”