Publicana poised to go into administration


http://www.morningadvertiser.co.uk/news.ma/ViewArticle?R=86703

It was obvious this was on the cards in at least 2008 when Publicana was announcing its stratospheric success and expansion faster than an inflating universe. Wonder if several directors and shareholders made a huge amount of cash before their dirty business hit the fan?

"turned over £7m in 2007 and said it expected the figure to rise to £17m in 2009"

Could someone at MA trawl over the glowing stories of this bunch and remind us what glowing things were said about their symbiotic relationship with Enterprise and other pubcos they were in business with? Then contrast and compare with current position?