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.
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Mar- 2020 -30 MarchCoronavirus
Restaurant and pub insolvencies rose before pandemic, says UHY Hacker Young
There were 1,452 restaurant and 526 UK pub insolvencies last year, according to UHY Hacker Young. The financial firm said that the industry was โstuck in a long-term slumpโ even before the onset of the Covid-19 pandemic. Some 1,452 UK restaurant businesses and 526 UK pub businesses entered insolvency in…
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Nov- 2019 -18 NovemberBusiness
Losses at top 100 UK restaurant groups increase to ยฃ93m in last year
The UKโs top 100 restaurants made a ยฃ93m loss in the last year, down from a profit of ยฃ37m 12 months ago, according to research from UHY Hacker Young. Peter Kubik, partner at the accountancy firmโs London office, said the restaurant sector in the UK is still suffering from the…
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12 NovemberPubs and Bars
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 September, up from 470 the previous year, according to UHY Hacker Young. It is the third successive year in which pub company insolvencies have increased, which the firm said is…
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Sep- 2019 -16 SeptemberRestaurants
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 for the previous year. The study compiled by accounting firm UHY Hacker Young found that the rapid growth of the causal-dining sector since the last recession had resulted in an…
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Jun- 2019 -10 JuneBusiness
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 enough cash to cover their debts falling due in the next year. An analysis of the short term liabilities and assets of the UKโs top 20 restaurant companies reveals that,…
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Oct- 2018 -29 OctoberBusiness
Profits at top 100 UK restaurant groups plunge 80% to ยฃ37m in a year
The total pre-tax profits at the UKโs top 100 restaurants have plummeted by 80% in the last year to ยฃ37m, down from ยฃ194m 12 months ago according to accounting firm UHY Hacker Young. The drop means that pre-tax profits at the UKโs top 100 restaurant groups have fallen 89% from…
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Aug- 2018 -7 AugustOpinion
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 branch closures. The news, including the closure of their 22 Cau restaurants follows on from the restructuring of Jamieโs Italian, Prezzo, Cafรฉ Rouge, Byron and Strada. In my home city…
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Jul- 2018 -23 JulyBusiness
Takeaway sector thrives amid restaurant struggles
The UKโs top 100 takeaway businesses have seen a 10% increase in turnover from ยฃ2.7bn from ยฃ2.46bn in the past year, research from credit broker Funding Options has found. Furthermore, profits at the UKโs top takeaway businesses have risen from ยฃ160m to ยฃ180m, a 13% increase. In contrast, the UKโs…
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16 JulyBeverages
326 soft drinks manufacturers hit by โSugar Taxโ
HMRC has confirmed that 326 soft drinks manufacturers have been hit by the so-called โsugar taxโ, research by accountancy firm UHY Hacker Young has revealed. The Soft Drinks Industry Levy was introduced on April 6, and taxes manufacturers 18p per litre produced if the drink contains five grams of sugar…
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3 JulyBusiness
UKโs top 100 restaurant groupsโ debts increase by 19% in a year
The UKโs top 100 restaurant groups grew their collective debt pile by 19% in the last year, from ยฃ1.65bn to ยฃ1.96bn, according to new analysis. Accountancy group UHY Hacker Young says many restaurant chains are still increasing their borrowing in order to acquire and fit out new sites, even as…
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