Milton Portfolio Op Co 3 Limited - Administration

Milton Portfolio Op Co 3 Limited, which operates a portfolio of 25 Wear Inns pubs across the north east and Yorkshire, entered administration on 13 November. Ryan Grant and Howard Smith of Interpath Advisory were appointed joint administrators, and also as LPA receivers over the 25 properties, which are owned by Milton Portfolio Property 3 Limited. They are continuing to trade all 25 sites while they look for a buyer, and have retained all of the company’s 264 employees. Metro Bank PLC has registered charges against the company.