Dundee pub and restaurant companies Park Properties (Dundee) Limited and Park Investments (Dundee) Limited, owned by former Dundee FC owner Jimmy Marr, have gone into administration.
Accountancy firm PWC (Price Waterhouse Cooper) has taken control of both businesses. A total of 16 licensed and other premises will be affected including the popular Taybridge Bar in Dundee and others in Arbroath, Forfar and Brechin.
It is reported there will be no job losses or closures while PWC hunts for new buyers.
Documents lodged at Companies House mark Jimmy Marr as director of the firms involved.
A PWC spokesperson has said, “Following the administration appointment, our Scottish restructuring team have met with the director of the companies and have notified all 16 tenants of our appointment.
“The tenants continue to operate from the units they occupy.
“As part of our strategy, we are working with both the director and the tenants to assess the optimal realisation strategy for the properties.
“Parties who may be interested in purchasing these properties should contact our office.”