One of the firm’s Warwickshire venues is the Peacock in Oxhill (Image: Wolf Club Collective)
A UK pub firm was nearly £800,000 in debt when it was liquidated, a report has revealed. Its owner insists that the situation is a success story, as the firm’s venues remain open. The Express reported earlier this month that Happy Wolf Pub Company Ltd. had collapsed.
Afterwards, the director of its replacement, Jack McEntee, 34, of The Wolf Cub Collective Ltd., said his operation is on a much surer footing. Now, a statement of affairs has suggested that the old company had run up debts of £767,857.78, including £141,899.73 and £253,494.62 to HMRC for PAYE and VAT, respectively. Usually, during a firm’s liquidation, most unsecured company debts…