UHY Hacker Young

Pub and bar company insolvencies see sharp increase in 2019

The number of insolvencies of pub and bar companies has jumped by 13% to 530 in the year to 30…

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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…

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15 of the top 20 UK restaurant companies ‘cannot cover debts’

According to research by accountancy group UHY Hacker Young, 15 of the top 20 UK restaurant companies do not have…

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Profits at top 100 UK restaurant groups plunge 80% to £37m in a year

The total pre-tax profits at the UK’s top 100 restaurants have plummeted by 80% in the last year to £37m,…

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Is the demise of restaurant chains a good thing for local independents?

The Gaucho restaurant group is the latest in a list of chain restaurants to appoint administrators or announce restructuring and…

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Takeaway sector thrives amid restaurant struggles

The UK’s top 100 takeaway businesses have seen a 10% increase in turnover from £2.7bn from £2.46bn in the past…

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326 soft drinks manufacturers hit by ‘Sugar Tax’

HMRC has confirmed that 326 soft drinks manufacturers have been hit by the so-called ‘sugar tax’, research by accountancy firm…

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UK’s top 100 restaurant groups’ debts increase by 19% in a year

The UK’s top 100 restaurant groups grew their collective debt pile by 19% in the last year, from £1.65bn to…

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35 of the UK’s Top 100 restaurant groups are loss making

35 of the UK’s Top 100 restaurant groups are now loss-making, up 75% from just 20 last year, new research…

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