The coronavirus and some of the measures taken to try and stop it from spreading have had a huge impact on businesses in the UK. While businesses in a select few industries have seen a boost in sales, most have…
Almost 15% of UK businesses are at risk of permanent closure before the start of April, according to the Office for National Statistics. The Business Impacts of Coronavirus Survey (BICS) is conducted every fortnight and measures business confidence. Between 29…
Upmarket Italian restaurant Gusto has become the latest chain to complete a Creditors Voluntary Arrangement (CVA). The group says that the move will secure the chain’s long-term future. Agreed by 98% of Gusto’s creditors, the CVA will protect more than…
Pizza Express will close 73 UK restaurants, including sites in Bramhall and Glossop, after the company’s creditors agreed to a Creditors Voluntary Arrangement (CVA). The move, which puts more than 1,000 jobs at risk, will allow the chain to reset…
More than three-quarters of UK hospitality businesses are at risk of insolvency within 12 months according to a leading trade body. A survey from UK Hospitality showed that social distancing measures and local lockdowns were still weighing heavy on the…
Major restructuring projects in several restaurant and retail groups is expected to cost 3,600 jobs in the UK. The Restaurant Group, which owns Frankie and Benny’s will be responsible for up to 3,000 job losses after confirming plans to shut…
The government has already unveiled an unprecedented package of support to assist businesses and individuals through the coronavirus crisis. For individuals and businesses that were already struggling with debt problems before the coronavirus outbreak, HMRC has confirmed that it will…
Pizza Express, one of the UK’s largest and most recognisable casual dining chains, is struggling under a mountain of debt. The pizza chain owes more than £1.1bn to various lenders and some industry watchers fear that the restaurant group, which…
Retailers and trade unions have called on the government to pass urgent legislation to boost the high street after new data reveals that shops, pubs and restaurants are closing at a dramatic rate. Analysis by PwC and the Local Data…
A last minute deal to save Bury Football Club was abandoned after the potential purchasers discovered debt deals made as part of their due diligence checks. League One Bury have now been expelled from the English Football League after a…
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