Member Article

Buyer hope for Washington based leisure group

Talks are reportedly continuing to secure the future of more than 300 jobs at a Wearside leisure group which went into administration.

Principle North East, Principle Yorkshire and Principle Midland were trading subsidiaries of the Washington-based Principle Leisure Group.

The group operated about 12 bars in the North East, as well as in Nottingham and Sheffield, but went bust in April.

Administrators are reportedly seeking a buyer for its business and assets.

Begbies Traynor said a deal would lead to the continuity of trade for the group’s bars and restaurants, including Popolo Newcastle, River Bar in Washington and The Blackbird in Ponteland.

The venues are continuing to operate under licence.

This was posted in Bdaily's Members' News section by Ruth Mitchell .