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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Apr- 2020 -17 AprilCoronavirus
Restaurant, pub and bar sales nosedive 60% in March
Collective like-for-like sales tumbled 57.6% in March amongst the pub, restaurant and bar sector as the nationwide lockdown began, according to the latest Coffer Peach Business Tracker. According to its data, the entire sector was “hit hard”, with a slowdown in sales, which started in February, continuing over the first…
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Mar- 2020 -12 MarchPubs and Bars
Pub, bar and restaurant sales fall 3.3%
Like-for-like sales across the pub, bar and restaurant sector fell 3.3% in February against the year prior, according to the latest data from Coffer Peach Business Tracker. Managed pub groups saw collective like-for-like sales fall 4.2%, while restaurant groups were down 1.8%, and bar chains down 2.8%. The weekly results…
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Feb- 2020 -13 FebruaryRestaurants
Sales rise at pubs, bars and restaurants in January
Britain’s managed pub, bar and restaurant sector saw collective like-for-like sales increase by 1.9% in January, according to the latest figures from the Coffer Peach Business Tracker. Karl Chessell, director of CGA, the business insight consultancy that produces the Tracker, in partnership with The Coffer Group and RSM, said “reasonably…
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6 FebruaryPeople
Elystan Street’s head chef exits amid ‘professional difference of opinion’
Toby Burrowes has departed as head chef from Phil Howard’s Michelin-starred restaurant, Elystan Street in Chelsea amid a “professional difference of opinion”. Burrowes announced his departure in an Instagram post, which said: “Well the time has come, I have stepped down as head chef at Elystan Street, due to a…
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3 FebruaryRestaurants
Administrators close Mayfair’s The Square restaurant
RSM Restructuring Advisor has been appointed as administrators to three companies within the Marc Limited restaurant group. As a result, Michelin-starred The Square restaurant in Mayfair, which employed 31 staff, has now closed, after administrations were appointed to its operator Dailyrare Limited. The other affected companies include Mortons the Restaurant…
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Jan- 2020 -15 JanuaryBusiness
Restaurant and pub sales lifted by positive festive trading
Collective like-for-like sales were up 2.5% across pub, bar and restaurant groups over Christmas, according to the latest Coffer Peach Business Tracker. In the six weeks ended 5 January, trading was positive across all parts of the industry. Restaurant chains saw a 2.3% uplift in like-for-like sales, while managed pub…
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Nov- 2019 -15 NovemberBusiness
Chilango in restructuring talks
Mexican fast-food chain Chilango has announced it is restructuring talks with accountancy firm RSM, which has been drafted in to discuss “options” for the business. RSM said Chilango has “engaged” the firm to assist on working on long-term planning, options and strategy, and a spokesperson added: “All further enquiries should…
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Sep- 2019 -11 SeptemberGovernment
Corbyn’s £10 minimum wage pledge ‘difficult to stomach’ for restaurants
Jeremy Corbyn has pledged a £10 an hour minimum wage for all workers over 16 if the Labour party is elected to government. In a speech delivered to the Trades Union Congress (TUC) in Brighton, Corbyn said Labour would also deliver action on the gender pay gap, equal rights for…
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9 SeptemberCatering Companies
Pub and restaurant groups maintain summer momentum
Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 1.6% in August compared with the same time last year. Drink-led pubs and bars, recorded the greatest growth, as sales increased 4.1% on the back of late month heatwave, according to the latest figures from the Coffer Peach Business…
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Aug- 2019 -12 AugustRestaurants
Pub and restaurant groups see steady sales growth in July
Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 1.2% in July compared with the same time last year. The latest figures from the Coffer Peach Business Tracker show restaurant chains recovering strongly after a “poor” summer in 2018. Restaurant groups saw like-for-like sales up a healthy 3.8%…
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