The rate of pub failures continues as Clover Taverns, the 10-strong pub company which includes the Old Black Bull in Preston, the Fox in Basford, Nottingham, and the Shakespeare in central Manchester amongst its leased properties, has been placed into administration.

Clover Taverns’ pubs are among the 550 leased sites transferred to Spirit Pub Company when it demerged from Punch Taverns last summer.

A spokesperson for Spirit Pub Company said: "We are working with the administrators to ensure that the pubs continue to trade while we explore the options available for the longer term."

Duff & Phelps has been appointed administrator of the company, which ran sites across northern England and the Midlands. Duff & Phelps will now look to sell the business, which was founded in 2008.

John Whitfield, Partner, Duff & Phelps, said: "It has been well publicised in the press that consumers discretionary spending has reduced and inevitably, the leisure sector has seen the impact of this. Under the current economic climate, the downturn in trade has exacerbated cashflow demands.

"The ten public houses will continue to trade under the supervision of the administrators. We are confident that there will be a significant amount of interest."