RSM
Our RSM coverage focuses on the latest research, reports, and expert commentary from RSM UK that impact the foodservice and hospitality sector, including financial health trends, insolvency risk data, inflation insights, and business advisory relevant to restaurants, pubs, bars, and catering operators. We highlight RSM’s analysis on market pressures, operational costs, and sector resilience, providing operators with essential intelligence to inform strategy, investment, and financial planning.
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May- 2021 -14 MayCoronavirus
April pub and restaurant sales down 60% against 2019
Managed pub and restaurant groups recorded a 60%% drop in total sales in April compared to the same month in 2019, according to the latest edition of the Coffer CGA Business Tracker. Restaurants performed marginally better than pubs, with declines of 51% and 67% respectively, due to strong delivery and…
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Jan- 2021 -15 JanuaryCoronavirus
Pub and restaurant sales fall 72% over holiday season
Sales from pub and restaurant groups have plummeted 72.6% over Christmas, according to the Coffer Peach Business Tracker. The tracker is produced by business insight consultancy firm CGA, in partnership with the Coffer Group and RSM. Trading for the five weeks from 30 November to 3 January revealed that drink-led…
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Dec- 2020 -8 DecemberRestaurants
Barburrito secures future with sale to co-founders
Barburrito, the Mexican eatery, has secured its future through an administration sale securing new investment in the business. Barburrito chairman Graham Turner leads a new investment in the business, alongside other private investors, backing the existing management team of Morgan Davies, founder and CEO and Steve Herring, finance director. The…
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4 DecemberRestaurants
London restaurant Arros QD CVA receives approval
Mediterranean restaurant and bar Arros in London’s Fitzrovia has seen its creditors approve its CVA proposal. Accountancy firm RSM advised on the restructuring of the sister company to the Iberica group of restaurants. The CVA was approved on 30 November achieving 100% support from voting creditors. The firm said the…
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Nov- 2020 -13 NovemberCoronavirus
Restrictions drive October pub and restaurant sales into reverse
The roll-out of more regional Covid restrictions further depressed sales in Britain’s managed pub, restaurant and bar groups in October, according to the latest data from the Coffer Peach Business Tracker. The tracker, which is produced by CGA in partnership with RSM and The Coffer Group, found that 83% of…
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4 NovemberNews
Camino co-founders secure rescue deal
Camino, a Spanish tapas restaurant and bar group, has been acquired out of administration by its former founders through a newly created holding company, saving 77 jobs in the process. Camino Trading Limited was recently created by Camino co-founders Nigel Foster and Richard Bigg, who now own the entirety of…
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Oct- 2020 -26 OctoberRestaurants
Iberica closes two sites in CVA, 135 jobs saved
Iberica, the Spanish tapas restaurant and bar group owned and operated by Iberica Food and Culture Limited, has preserved 135 jobs after a successful CVA restructuring. The Iberica CVA was approved in late September, securing over 99% support from creditors, with every landlord among them voting in favour. Although Iberica’s…
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Sep- 2020 -28 SeptemberRestaurants
Gusto CVA approved, 600 jobs saved
Italian restaurant chain Gusto is to go ahead with its CVA plans, which it said secures the future of the business and more than 600 jobs. Amid the “most challenging trading conditions seen for the casual dining sector in a generation”, the firm said the CVA was “overwhelmingly” supported by…
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Aug- 2020 -21 AugustCoronavirus
Accommodation and food service sectors see 53% drop in insolvencies
The accommodation and food services sectors have seen a 53% drop in insolvencies from May to July 2020, compared to the same period in 2020. According to RSM, some 597 insolvencies were recorded by the Insolvency Services for May to July 2019 and 279 for the same period this year.…
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13 AugustPubs and Bars
Hospitality sales halve in July
Managed pub, restaurant and bars saw total July sales down 50.4% against the year before, according to the latest data from CGA’s Coffer Peach Business Tracker. While the overall market reported trading that was “well below” July 2019 levels, the London market “struggled” the most, with London trading down 58.3%…
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