Historic South Weald Pub Falls Into Administration with Appointment of FRP Advisory

London, United Kingdom, July 31, 2010 --(PR.com)-- The Tower Arms, the historic public house in South Weald, Brentwood, entered into administration on 7 July 2010. Glyn Mummery and Jeremy French, Partners at FRP Advisory LLP, the restructuring, recovery and insolvency specialists, were appointed Joint Administrators of the operating company, Tower Arms Limited.

The Tower Arms, a grade II listed building dating back to 1701 which re-opened following a full restoration and renovation project in late 2009, was placed into administration following a shareholder dispute.

The Joint Administrators have continued to operate the business as normal, with the assistance of the Company Director, Louise Moore, and there are no plans for it to close or for redundancies to be made. It is hoped that a resolution to the shareholder dispute will be reached.

Commenting on the case, Glyn Mummery said: “The Tower Arms continues to be profitable and things are very much business as usual for customers and employees alike. We hope to see control handed back to the Directors of the Company and to see the administration process come to an end.”

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Note to editor:
Interviews with and/or photographs of the Joint Administrators are available on request. Please contact Annie Wilson on 020 7467 4134.

Press contacts for FRP Advisory LLP:

Annie Wilson (07852 911 179)
Media & Communications Manager
Annie.wilson@frpadvisory.com
Tel: 020 7467 4134

Georgina Swain
Tel: 020 7467 4297
Georgina.swain@frpadvisory.com

Editors’ Notes

FRP Advisory LLP is focused on creating, preserving and recovering value for its clients.

The firm offers a comprehensive suite of services to the mid-market and financial community. These focus on enhancing the performance of businesses, as well as saving businesses in distress.

Services include: commercial & asset finance, corporate insolvency, restructuring, independent business reviews, interim management & placement services, personal insolvency & advisory, creditor services, insolvency investigation services and banking live-side support.

With 28 partners and 200 staff, FRP Advisory is one of the largest restructuring, recovery and insolvency firms in the UK, operating out of 9 locations including London, Bexleyheath, Hornchurch, Birmingham, Manchester, Leicester, North East, St Albans and Worthing.

To find out more, visit www.frpadvisory.com