With issues in the casual dining sector and pubs UK wide still closing at an alarming rate, the failure of licensed businesses is not uncommon. Premises licences can then lapse by virtue of the licence holder becoming insolvent or being dissolved. Read full article
These are not the only reasons that licences could lapse. Botha Company Voluntary Arrangement (CVA) or an Individual Voluntary Arrangement (IVA) are also forms of insolvency and licenses will also lapse in these situations.
The LSS Group specialise in dealing with premise licences in situations of insolvency. We can hold the licence and do so for many Insolvency practitioners across the country.
If this is something you would like to find out more about then please get in touch.
Source: The Morning Advertiser