Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Bar firm enters administration

Bar firm enters administration

Wed, 10 Oct 2018 | ADMINISTRATION



Bar firm Burning Night Group, the owner of a number of Bierkeller Entertainment Complexes around the country, has fallen into administration.

Corporate recovery and professional services firm Begbies Traynor have been called in to handle the administration. Partners Andrew Mackenzie and Julian Pitts have been appointed as joint administrators and have also been assigned as joint administrators of Cornertrack Limited, a fully-owned subsidiary of Burning Night Group and supplier for the venues.

The administration comes after the closure of the company’s Cardiff venue at Millennium Stadium.

Burning Night Group was established in Leeds eight years ago and has since grown its portfolio to encompass six different themed bars and restaurants. Its venues span across cities like Leeds, Liverpool, Manchester, Birmingham and Nottingham.

In spite of the closure of the Cardiff venue, the other five Bierkellers will continue trading operations and have in fact reported growth during the course of the last financial year, with expectations of further growth in the following years.

Joint administrator, Andrew Mackenzie said: “It is important to stress that the companies which own the Bierkeller leases are not in administration and we are working closely with management and lenders to continue to trade these prime assets to their full. We are currently seeking a buyer for the venues in order to bring about the best outcome for the company’s creditors, staff and customers.”

The Burning Night Group employs more than 500 members of staff across the UK with an annual revenue of more than £25 million in the 2017/2018 financial year. Bierkellers comprises a significant part of the Group’s operations.

For all our administrations listings, click here. For more news stories about administrations click here.


Share this article



Latest Businesses for Sale

E-Boutique Offering Affordable Clothing
UK Wide

Offers a wide range of fashionable, chic and affordable clothing items for customers throughout the UK and internationally. Retails its products in sizes 8 to 32, maintaining its price point across the range.

Asking Price: Offers Invited
Turnover: £1,500,000

LEASEHOLD


Brewery
UK Wide

A well-established brewery and tied pub with a multitude of award-winning cask ales and bottled beers in operation for over 37 years. Serves 291 active clients, including pubs, wholesalers, off licences and other brewers. Due to its consistently high...

Asking Price: Offers Invited
Turnover: £887,000

FREEHOLD


Manufacturer Of Adult Toys
UK Wide

Offers a comprehensive range of high-end products for multiple clients. Has won several awards in a variety of sectors. Works with circa 150 active clients, all of whom provide repeat and reliable custom. Management team is capable of running the com...

Asking Price: Offers Invited
Turnover: £3,700,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Feb
 

Hanson-owned brickwork contractor closes down | BUSINESS NEWS

Brickwork firm Irvine-Whitlock, a subsidiary of building mat...

 
25
 
Feb
 

Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS

Acquisitive wealth management firm Fairstone Financial Manag...

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
18
 
Jun
 

Hotel chain Suite Hospitality enters administration | ADMINISTRATION

Suite Hospitality, which operates hotels in Exeter, Windsor ...

 
27
 
Apr
 

Lincs Lifts seeks buyer after appointing administrators | ADMINISTRATION

Scunthorpe-based powered access hire business Lincs Lifts is...

 
03
 
Apr
 

Benito’s Hat to continue trading despite entering administration | ADMINISTRATION

Fast-casual Mexican food chain Benito’s Hat has entere...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.