Handmade Burger Co in administration

Fri, 07 Jul 2017 | ADMINISTRATION

The Handmade Burger Co has entered administration with nine of its 29 restaurants now closed.

The remaining 20 eateries are still trading under the control of administrators from Leonard Curtis Recovery while “a solution which will enable as many jobs as possible to be preserved” is sought.

The Birmingham-based restaurant, which has almost 900 staff, offers more than 40 various burgers using grass-fed Scotch beef and with different breads including sourdough and brioche buns, also providing vegan, vegetarian and halal options.

The next step for the business is to ask for approval from creditors to enter a company voluntary arrangement, a move “considered the best outcome for all creditors”. Failing that, pursuing a sale of the business would be the alternative.

Increasing rents, rates and staff costs have all hit the restaurant sector hard, yet Handmade Burger had recently mentioned branching out with additional sites. It had appointed Kevin Bacon, the former managing director of Frankie & Benny’s, as its new chairman in November.

Handmade Burger joins Byron, Five Guys, Honest Burgers, Gourmet Burger Kitchen and Shake Shack in a league of upmarket burger chains to have started up in the last ten years.

View restaurants in administration here
Subscribe to the Business Sale Report here


Share this article



Latest Businesses for Sale

Commercial & Residential Scaffolding (Fast Sale)
South East, UK

A sale will be executed at the earliest opportunity with offers received by Friday 10th July 2020. Long‐established (c.15 years), regionally‐based, commercial and residential scaffolding business for sale. Highly profitable business with regular repe...

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Eco-Friendly, Recyclable & Biodegradable Products Online Retailer
UK Wide

Has in excess of 2,100 subscribers, all of whom provide reliable, repeat business on an ongoing basis, in addition to a high volume of customers making one-off purchases. Operates from leasehold premises; however, the company could be relocated to a...

Asking Price: Offers Invited
Turnover: £1,067,787

RELOCATABLE


Pest Control Solutions
South East, UK

Offers professional and humane pest control solutions, helping clients throughout the South East maintain pest-free environments. Sources ethical, effective and competitively priced solutions, which meet its clients’ requirements. Offers invited.

Asking Price: Offers Invited
Turnover: £576,745

FREEHOLD



View more businesses for sale

News Search

Latest News

 
03
 
Jul
 

Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY

High street fashion retailer Next Plc has confirmed the succ...

 
02
 
Jul
 

Benchmark Holdings secures sale of veterinary business | BUSINESS SALE

Sheffield-headquartered aquaculture health, nutrition and ge...

 
01
 
Jul
 

TM Lewin to close all UK stores in pre-pack administration | ADMINISTRATION

Shirtmaker TM Lewin will close all 66 of its UK stores as pa...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
27
 
Feb
 

Online furniture retailer rescued from administration | BUSINESS SALE

Houseology has been bought from administration by rival furn...

 
19
 
Sep
 

Two Yorkshire specialist industrial companies go into administration | ADMINISTRATION

Two specialist industrial companies owned by Hughes Armstron...

 
08
 
Aug
 

Plymouth wind power business enters administration | ADMINISTRATION

Wind power group Rame Energy plc has entered administration,...

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