UHY Hacker Young

Reporting on financial analysis, tax insights, and industry benchmarking provided by a leading accountancy and advisory firm with a strong focus on the hospitality sector. This section covers business rates, VAT schemes, profit performance, and commentary on economic trends impacting restaurants, pubs, and F&B operators. Designed for finance leads, operators, and group executives, it offers practical guidance and strategic context to support commercial planning in a volatile market.

Jun- 2022 -

13 June

Restaurants

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 -

14 March

Restaurants

Restaurant insolvencies rise to 354 in Q4

Restaurant insolvencies jumped by a fifth to 354 in the last quarter of 2021, rising from 296 in Q3, according to UHY Hacker Young, the national accountancy group. UHY Hacker Young said “despite the end of coronavirus restrictions, the sector faces considerable challenges”. The invasion of Ukraine and resulting sanctions…
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Jan- 2022 -

10 January

Business

UK restaurant groups see losses increase 174% to £673m

Losses at the the top 100 UK restaurant groups increased by 174% last year to £673m, up from a loss of £246m in September 2020, revealed UHY Hacker Young. Lost sales reportedly cost the hospitality sector around £200m a day during lockdown, with restaurants continuing to incur “substantial” costs such…
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Nov- 2021 -

22 November

Restaurants

UK restaurant insolvencies soar 31%

UK restaurant insolvencies have soared by 31% to 296 in the last quarter, up from 226 in the previous quarter, according to new figures from UHY Hacker Young. It comes as many restaurants have faced a “cashflow crisis”, which has “tipped some over the edge” into insolvency. Restaurants have had…
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Mar- 2021 -

16 March

Breweries and Distilleries

Number of UK breweries rose by 7.5% in 2020

The number of breweries in the UK increased by 7.5% in 2020, according to research carried out by UHY Hacker Young. There are now 3,000 breweries in the country, despite pub and bar closures resulting from pandemic lockdowns. In 2020, pubs were closed for 161 days, which is around 44%…
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Feb- 2021 -

8 February

Coronavirus

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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Jun- 2020 -

1 June

Restaurants

Losses at UK’s top 100 restaurant groups jump 94% to £151m

Losses at the UK’ Top 100 restaurant groups increased 94% to £151m last year, growing from a loss of £78m the year before, according to new research from UHY Hacker Young. The firm said the top 100 restaurant groups have seen losses “worsen in recent years” and this trend is…
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May- 2020 -

18 May

Coronavirus

Petitions to wind up restaurants rocket 165%

The number of petitions to wind up restaurants has rocketed 165% to 53 in the year ended 20 April, according to the latest figures from UHY Hacker Young. Such petitions, that have been brought forward over bills left unpaid by struggling restaurants, are expected to see a further surge once…
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5 May

Coronavirus

Furlough errors could cost small firms

SMEs are making errors on their applications for the Government’s furlough scheme, meaning they will have to repay thousands of pounds back to HMRC later, accountancy firm UHY Hacker Young has said. The firm explained it has seen many small business applications for the furlough grant that includes the cost…
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Apr- 2020 -

8 April

Business

Average UK SME does not have enough cash to cover debts due in 2021, says UHY

The average UK SME does not have enough cash to cover debts due in the next year, according to new research from accountancy firm UHY Hacker Young. The firm’s analysis of the balance sheets of more than 13,500 SMEs in the UK showed that the average SME now has only…
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