Oakman Inns and Restaurants Limited - Administration

Oakman Inns and Restaurants Limited, a Hertfordshire-based pub and hotel chain, had certain assets purchased out of administration by Upham Inns.

The company entered administration on 21 July after struggling to recover from forced closures during the pandemic, as well as rising energy and food costs and decreased customer spending in the post-pandemic period.

Shortly following their appointment, joint administrators Mark Banfield, Tom Crookham and Ross Connock of PwC completed a sale of 13 leasehold locations and one freehold site to Uphams Inns, saving over 530 jobs. Unfortunately, six sites were not included in the sale, resulting in 159 redundancies.

Santander UK PLC and Warrant Estates Limited have registered charges against the company.