In for a Penny as new operator to take over Scunthorpe town centre pub

By Scunthorpe Telegraph | Posted: 4 Jun 2018

A new operator is due to take over the helm of Scunthorpe High Street pub The Penny Bank this week.

The change over comes six months after Blackpool-based firm Amber Taverns put the freehold of the one-time bank up for sale for £200,000.

Amber operations director Gary Roberts said: "There will be a sale of the premises this Tuesday.

"As yet the incoming purchaser has not confirmed the licensee but has approached the incumbent manager. We will advise further as soon as we get any confirmation."

The decision to sell the Penny Bank following a strategic review came six years after Amber Taverns bought the business.


The Penny Bank pub, on High Street in Scunthorpe

At the time, Amber was reported to have paid £240,000 to rivals Enterprise Inns for the building.

When the freehold of the pub was put up for sale, company bosses stressed the pub would continue to trade as normal.

Speaking in November, Mr Roberts said: "Hopefully we can sell the property to a more regional operator of licensed premises who can continue to develop the business as a public house."

The Penny Bank has been at the forefront of a High Street beer price war with the nearby Tavern, selling a pint at £1.80 and even less for loyalty card holders.

The pub started life in 1988 as The Mint after local businessman Mick Pogson converted the former Yorkshire and Barclays Banks branch on the corner of Allenby Street and the High Street.

It has also traded as The Bishop Blaize under Derby-based Rutherford Inns.



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