Belfast pub firm in administration

Belfast-based pub chain Castle Street Inns has entered administration.

The company has an estate comprising around six bars, including the Brook Lodge Bar, Becketts and the Blackstaff, according to the BBC.

It also runs Tony Romas restaurant franchise in south Belfast. It is understood that all the businesses are still trading.

The company is reported to owe the Bank of Scotland Ireland (BoSI) £10m. BoSI lent heavily to developers during Ireland property bubble and was closed by its parent company, Lloyds. Its loan book is now managed by company called Certus.

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By Neil Gerrard

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