Pub's future uncertain as chain hits problems
A POPULAR Llanelli pub's future is uncertain as administrators have been appointed over the chain.
The Bidding, on Cowell Street, has been closed since Thursday, after the chain Bramwell Pubs and Bars Limited announced cash flow problems.
Locals are devastated at the news and are keen to express their disappointment at another loss to the town centre.
"It's another knock for Llanelli. People use it regularly in the afternoon and I know my son goes there a lot," says Wendy Bonner.
The 73-year-old said: "I come in to town shopping from Pontyberem, so The Bidding was a nice place to go for an hour of relaxation."
Teresa Bowen, aged 32 from Stradey, said: "I just feel really sorry for the staff more than anything.
''It's hard enough finding a job these days, let alone losing one like that."
The news is another blow for Llanelli, which has lost numerous shops and pubs in recent years, as a direct result of the current economic climate.
"There's so many places closing down lately, it's ridiculous!" says 84-year-old Kenneth Williams from Swiss Valley.
"The only way to stop it is if the council start reducing their rental rates." Peter Saville, Kevin Coates and Anne O'Keefe, partners at advisory and restructuring specialists Zolfo Cooper, were appointed joint administrators over Bramwell Pubs and Bars Limited (the group).
Mr Saville said: "We will continue to trade the business while exploring all possible options for its future, including a sale of the business and would like to thank the staff for their continued support and professionalism during this process."