Today the PAS asked the BIS department to conduct a review into the pub code deminimus (currently set at 500 pubs).
A number of PAS members have contacted the service and expressed their dismay at the recent sell off's. Some PAS members caught up in the move to a new owner were intent on using MRO in the next few years but have seen the option disappear, others are concerned they will be in a future wave of sell off's.
Recent sell offs by the big 5 pub companies have seen significant numbers of tied pubs taken over by property companies that are outside of the MRO legislation.
Chris Wright said: "It was stated by BIS officials during the run-up to the new the law that the government would look at moves by pub companies to reduce their holding to below the 500 level. Given that one company New River Retail now have over 350 pubs from just two of the big 5 pubcos it would seem an appropriate time to review the level. It is also apparent that the 500 level put forward many years ago no longer reflects 1% of the market, as it is the number of pubs in the UK is widely reported to be well below 50,000 and if anything the de-minimus should be directly comparable to the numbers of pubs today"