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The Norfolk Broads Forum / Pubs and Restaurants / Ferry Inn, Horning
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Posted By Discussion Topic: Ferry Inn, Horning

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SteveO
Dec-17-2008 @ 10:25 PM                           Permalink
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I just read onOrchid Group Rescued
This says that the parent group that owns the Ferry went into administration on the 15th, but were immediately rescued via restructuring.

I wonder what this means for The Ferry?

Regards


Steve
Wishing I was back on the Broads

colin&sarah
Dec-20-2008 @ 4:59 PM                           Permalink
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Fens Fatale
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Good news, notice on the door of the Ferry says this pub is temporaraly closed and will reopen shortly.  It has new owners, Punch Taverns.  All Christmas bookings have been cancelled and refunds will be given.  

Visit my website for photographs of Norfolk www.reflectionsofnorfolk.com

billmaxted
Dec-20-2008 @ 5:39 PM                           Permalink
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Cannot see any reference to Orchard Group on Punch Taverns site but did find this

http://www.integralsearch.co.uk/news/pwc-organises-pub-group-sale-news-18932179

Bill...(The Ancient Mardler)

therotman
Dec-21-2008 @ 4:29 PM                           Permalink
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Sorry to hear about this particularly at christmas time, lets hope the situation is resolved as soon as possible. Smile  Wink  Cheers
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Regards Len Collins

(there are ships cabinet makers and people that chop sticks)

BOATERS
Dec-21-2008 @ 6:04 PM                           Permalink
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Wasn't Punch Taverns the owners of the Maltsters at Ranworth ? thats another empty pub . Confused


Roy and Diane

Hope to see you on the river,

thirdmate
Dec-22-2008 @ 1:08 PM                           Permalink
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If Punch have bought it god help us. Yes they owned the Maltsters as well and also The broads haven at potter.

With these guys as owners you can bet on more people going bust under the weight of the daft lease agreements. Makes my life living on broadland a nightmare when looking for a decent place have a drink.

Andy

"I have not failed. I've just found 10,000 ways that won't work."

This message was edited by PizzaLover on Dec-22-08 @ 1:55 PM

Boatboy
Dec-22-2008 @ 5:34 PM                           Permalink
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the problem with Punch Taverns, as I have discovered recently, is that they often don't actually own the pub themselves. They lease from the owner and then lease on to a landlord, with lots of very restrictive conditions attached.

This lease on lease arrangement means that three people are trying to make a profit on the place, the last of those, the landlord is often the one who loses out because of the terms of the lease.

If Punch have acquired the Ferry, then it is anything but good news.

adrianh
Dec-23-2008 @ 1:35 PM                           Permalink
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According to a story on The Publican's website this morning - http://www.thepublican.com/story.asp?storycode=62265 - the Ferry (listed as "Ferry, Norwich"!) is one of the pubs that Orchid couldn't find a buyer for, so is to close.

This message was edited by adrianh on Jan-20-09 @ 2:32 PM

swan_ranger
Dec-23-2008 @ 2:00 PM                           Permalink
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I may be wrong about this, but it is my understanding that three separate companies own the freehold on The Maltsters, all of them major shareholders in Punch Taverns who lease it from them. I don't know who the shareholders of Orchid Group are but I would not be suprised if the same three companies did not figure in there somewhere. Who are they?, only the Spirits know.



Charlie

Boatboy
Dec-23-2008 @ 2:24 PM                           Permalink
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is it just my suspicious nature, or is this all starting to smell of something unpleasant?

a, b and c own pub x, they also own company y. a, b and c lease pub x to company y which in turn leases pub x to company z, company z goes in to administration, then immediately out again with a deal which sees pub x's lease being bought back by company y.

why are those chain letter scams of the 80's coming to mind, where a lot of money went up the chains to the people at the top, and a lot of people at the bottom lost out?

VetChugger
Dec-23-2008 @ 6:13 PM                           Permalink
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The "unpleasant smell" has been around a lot longer. It started when the government of the day forced breweries like Carlsberg Tetley to sell off their tied houses. It was immediately apparent that the brewers would be replaced by finance houses and the results of the unquenchable thirst for unconditional profit are becoming more and more obvious.

I'm not saying things were perfect under the Brewers but they were definitely better. Niether am I saying that these finance bloodsuckers are the only cause.

Trevor

www.normanboats.co.uk


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