Restaurants

Restaurant closures up 25% over the past 12 months

The number of restaurant insolvencies has jumped 25% in the last year up to 1,410 in 2018/19, compared with 1,130 for the previous year.

The study compiled by accounting firm UHY Hacker Young found that the rapid growth of the causal-dining sector since the last recession had resulted in an “over-saturated” mid-market which is still going through a dramatic shake-out.

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