College Hill PRO to plough on as pub firm goes down

College Hill Associates chairman Alex Sandberg has confirmed it is business as usual despite news this week that a firm run by one of its City PR advisers has gone into liquidation, with £7m of debts and a string of creditors left out of pocket.

Sandberg said part-time consultant and non-executive director Kevin Feeny would remain on board following news he has put the firm he founded, Pennant Inns, into liquidation.

Managing company Pennant Inns, founded four years ago, appointed Grant Thornton as liquidators after losing a contract to manage Altasway’s 300-strong pub estate to rival Heritage Pub Company.

And Daily Mail reports this week suggest the company has left creditors claiming to be owed tens of thousands of pounds.

Feeny said the claims will not affect his position at College Hill. Sandberg added: ‘There’s no suggestion that Kevin has acted improperly.’

Feeny remained tight-lipped on debts owed by Pennant, but said Grant Thornton will be ‘going through the numbers’.

According to the Daily Mail, Pennant creditors include beer supplier Carlsberg-Tetley. One pub landlord claimed to be out of pocket by £22,000.

‘Grant Thornton will have to decipher which of the claims are substantial and which aren’t,’ said Feeny.

Grant Thornton refused to comment on the amount of debts, but it is understood the figure is close to £7m.

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