Restructuring
This covers restructuring activity across the UK foodservice, hospitality, and catering sectors, including business model overhauls, site closures, CVAs, administration processes, and turnaround plans. We report on the financial and strategic decisions affecting restaurant groups, pub operators, catering firms, and F&B suppliers, with analysis of their implications for staffing, operations, and supply chains. Designed for owners, operators, and executives navigating commercial pressures or monitoring market shifts among competitors and peers.
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Jul- 2022 -25 JulyNews
UK restaurant insolvencies surge 64%
UK restaurant insolvencies have jumped 64% year-on-year from 856 in 2020/21 to 1,406, as rising inflation, decreased consumer spending and labour shortages are driving restaurants out of business, according to new data from UHY Hacker Young. There were 431 restaurant insolvencies in the last quarter alone (in the three months…
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Jun- 2022 -13 JuneRestaurants
Losses at top 100 UK restaurant groups surge 24% to £832m
Losses at the Top 100 UK restaurant groups grew 24% from £673m to £832m in just the past six months, according to a new study by UHY Hacker Young, the national accountancy group. It said the scale of the losses has been driven by the effects of major restructuring programmes…
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Mar- 2022 -11 MarchCafes and Coffee Shops
Cornish Bakery expands senior leadership team
Cornish Bakery has expanded its senior leadership team to enable its journey towards growing the business to 100 bakeries. Founder Steve Grocutt has bolstered both his board and operational teams, headhunting specialists from across the UK, as well as promoting from within the company. Ralf Goad, previously of Risk Capital…
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Jan- 2022 -24 JanuaryBusiness
Profit warnings from travel & leisure companies fall to 7-year low
Profit warnings issued by FTSE travel and leisure companies fell to their lowest level in seven years in 2021 despite the sector experiencing another challenging year, according to EY-Parthenon’s latest Profit Warnings report. In total, it said the FTSE travel and leisure sector, which also includes restaurants and bars, issued…
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Jun- 2021 -24 JuneCoronavirus
Industry leaders predict ‘positive outlook’ for hospitality after lockdown
The UK’s hospitality industry will have a “broadly positive future”, according to leading industry figures who spoke at the latest installment of Colliers’ ‘Real Estate Restructuring Strategies: Beyond Covid-19’ webinar series. Among the panellists were Peter Stevens, the former UK TMA president and senior advisor at SME Capital; Nicholas Northam,…
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Mar- 2021 -10 MarchRestaurants
The Restaurant Group to raise £715m to offset Covid-19 impact
The Restaurant Group (TGR) has announced it plans to raise £175m in a move which will aim to enhance liquidity, accelerate deleveraging and support selective growth as the company continues to struggle with the ripple effects of Covid-19. The plans mark the end of the group’s “deep restructuring” programme and…
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3 MarchBusiness
Fazenda owner bought out of administration
Begbies Traynor has overseen the pre-package sale of City District Limited to Southern Wind Group Limited, who has acquired a “substantial” part of the business and assets in a move that has saved 243 jobs. City District Limited, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand…
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Feb- 2021 -11 FebruaryCoronavirus
Hospitality should prepare for ‘turbulent year’, says Duff and Phelps
Business owners across the hospitality and leisure sectors throughout the UK need to “take stock” and prepare themselves for yet another turbulent year, says Duff and Phelps. The message comes as the financial solutions provider believes there is “no sign” of current restrictions easing. It comes as current reliefs such…
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8 FebruaryCoronavirus
Losses from top 100 UK restaurant groups rise 112% to £571m
The top 100 UK restaurants groups saw their losses soar by 112% to £571m last year, rising from reported losses of £269m at the end of last March, according to UHY Hacker Young. The firm said these losses only run up to the start of the lockdown and are therefore…
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Jan- 2021 -11 JanuaryCatering Companies
Sodexo sees 27% total group revenue decline
Sodexo has reported that for the first quarter fiscal 2021, total group revenue declined 27% to €4.4bn (£3.2bn) from €6.07bn (£4.5bn) for the same period last year, attributed to the impact of Covid-19. Founded by Pierre Bellon in 1966, the company operates in 64 countries and serves 100 million consumers…
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