Pic: Trip Advisor
ICSM Hospitality Business News: Burger Chain Byron shuts more restaurants in bid to escape administration following collapse during Covid – plus a list of other hospitality firms that have gone west recently
By Harry Mottram: The New Year has seen the dark clouds of recession cast their bleak shadows across many sectors of the British economy and in particular that of hospitality. The burger chain Byron – a company known for cooking that most popular staple of the dining table – went bust during the Covid Crisis but has seemingly been rescued from administration by Interpath Advisory who have managed to get a pre-pack organised by its owners Calveton.
Writing in Shy News’ business section journalist Mark Kleinman reported this month: “Byron last collapsed at the height of the COVID-19 pandemic, resulting in Calveton taking control of the business. At its peak, Byron operated scores of sites across the UK and was among a deluge of restaurant chains that expanded too aggressively. It was unclear on Tuesday how many jobs would be lost in the latest restructuring.”
Ian Carrotte of the business intelligence group ICSM who warn its members of potential bad debts said the burger chain had joined a long list of hospitality outfits that hit the rocks during 2020-2022 such as Carluccio's and Prezzo. He said: “With interest rates and huge increases in energy bills household finances have been hit to the point many people cannot afford to eat out. January and February are traditionally lean times for hospitality but this year with inflation adding to the nation’s fiscal problems we can expect to see more pubs, clubs, wine bars, cafes and restaurants closing their doors. Not only in the case of Byron doe suppliers lose out but so do staff – both disasters also contribute to the economic woes of the nation. My advice to businesses is to invest in strict credit control and pull out of business when a firm stops paying its bills – however famous a name they are.”
Below are a number of recent closures listed by ICSM:
HOSPITALITY
ADMINISTRATORS APPOINTMENTS
BOUJEE RESTAURANT AND BAR LIMITED 12905642
SWEET BROTHERS EVENTS LIMITED 11417534
COMPULSORY LIQUIDATORS APPOINTED S 136
CHESHIRE TAVERNS LIMITED 05371694
CREDITORS’ VOLUNTARY LIQUIDATION DEEMED IN CONSENT MEETINGS
DAWN INNS LTD 12860986
FRONTIER INNS LTD 13249911
INDO RESTAURANT LTD 12152900
JUST THAI RESTAURANT LTD 10447472
JUST COACH TRAVEL LTD 12208190
KIDS CREATIONS LIMITED 11792358
LANDMARK INNS LIMITED 03491590
MARY INDIAN DINING LTD 12963301
MOGAL-E-AZAM RESTAURANT LIMITED 10735935
MORE RESTAURANTS LIMITED 07615805
PESHAWAR GRILL LTD 12192765
TGR BAR & RESTAURANT LTD 11882757
THE DUSTY MILLER PUBLIC HOUSE AND RESTAURANT LTD 09627025
THE GLASTONBURY HOTEL LIMITED 05448154
TOWNHOUSE RESTAURANT & CATERING LTD 11841731
UNIVERSAL PIZZA LTD 12318956
WESTCLIFF PIZZA LTD 11964711
WILLIAMS BARS AND COUNTERS LIMITED 10817687
LIQUIDATORS APPOINTED
BABY PIGEON LIMITED 12747123
BLACK G INNS LIMITED 10752137
BONGO BRASSERIE LIMITED 12378235
BRUTON RESTAURANT LTD 13028476
D M TRAVEL LIMITED 12305831
FORESTERS ARMS CARLTON LIMITED 09689282
GAYTIME TRAVEL INTERNATIONAL LIMITED 06093378
GRAND COACHES LTD 10887122
GPS HOSPITALITY & EVENTS LIMITED 12503564
IN DEMAND EVENTS LTD 09796519
ITALIANS CLUBHOUSE LTD 10226861
JUST COACH TRAVEL LTD 12208190
JUST THAI RESTAURANT LTD 10447472
KIDS CREATIONS LIMITED 11792358
LITTLE COOKS CO LTD 10534954
LIVE HOLIDAYS LTD 04429799
OAKWOOD TAVERNS LTD 09813186
THE WELCOME HOME PUB COMPANY LTD 12736499
TOTAL EVENTS MANAGEMENT LIMITED 11731119
UK CREATIVE FOOD AND HOSPITALITY LTD 10610579
MEMBERS VOLUNTARY LIQUIDATIONS
HOSPITALITY & LEISURE CONCEPTS LIMITED 09194672
MERIDIAN POINT HOTEL LIMITED 04456802
QBIC HOTELS LIMITED 07992488
PETITIONS TO WIND UP
BOUJEE RESTAURANT AND BAR LIMITED 12905642
SEVEN CONTINENTS HOTELS AND RESORTS LIMITED 11896097
WINDING UP ORDERS
ENISH RESTAURANT & BAR LIMITED 08260444
FINGLE GLEN GOLF HOTEL LIMITED 10283817
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ICSM CREDIT
For information on ICSM visit www.icsmcredit.com or call 0844 854 1850.
ICSM, The Exchange, Express Park, Bristol Road, Bridgwater, Somerset TA6 4RR. Tel: 0844 854 1850. www.icsmcredit.com. Ian.carrotte@icsmcredit.com
About ICSM Credit
ICSM Credit has more than four decades of experience as a credit intelligence group whose members gain inside information about firms in trouble allowing them to avoid bad debts and rogue traders. To join costs less than a tank of fuel - while at the moment there's a special free temporary membership offer during the Covid-19 crisis which gives access to free legal letters. ICSM also has an effective debt collecting service which has a global reach - ask for details from Paul.
For details about ICSM Credit call 0844 854 1850 or visit the website www.icsmcredit.com or email Ian at Ian.carrotte@icsmcredit.com on how to subscribe and to join the UK’s credit intelligence network to avoid bad debts and late payers. Follow ICSM Credit on FaceBook, Twitter and YouTube and Ian Carrotte on LinkedIn.
To keep up to date subscribe to the FREE ICSM Credit Newsletter to hear all the latest insolvency news and to see who has gone out of business click on the orange panel on the top left of the home page of the website www.icsmcredit.com or send an email to Ian.carrotte@icsmcredit.com
For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk