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.
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