Wed, 02 Jun 2021 | ADMINISTRATION
Wright & Bell Limited, a company that operates two top London restaurants, has announced that it has entered administration.
Owner of the Kitty Hawk and Lino restaurants in London has revealed that it has appointed Quantuma as administrators following a difficult year caused by the COVID-19 pandemic.
The Imbiba-backed operator stated that both of its businesses had their finances significantly impacted by coronavirus lockdown restrictions, with Kitty Hawk remaining closed since March 2020.
Commenting on the news, managing director Sarah Clarke stated that the firm was hoping to reach a new agreement with creditors but has failed to find a middle ground. She said: "We have been unable to reach a suitable agreement with our landlords, so have made the difficult but necessary decision to appoint administrators."
Kitty Hawk was originally launched in 2016 at River Plate House in South Place, London and was billed as a 'department store for dining'. After seeing success with this first venture, the Wright & Bell group went on to open Lino in the Square Mile in 2018.
Sarah Clarke added: "We plan to continue to trade Lino allowing time to realise its potential over the coming months.
"We would like to thank our incredible teams and all our stakeholders for their continued support and are looking forward to the future."
Also operating under the name W& B Holdings, Wright & Bell Limited has confirmed that none of its other companies will be impacted by the administration. This includes Green Room, which was purchased by the restaurant operator in July 2020, as well as Marsha in Gabriel's Wharf, and Whyte & Brown in Kingly Court.
Deeply embedded in its local community in a lucrative tourist hotspot the company has created multiple award-winning brands which it supplies through wholesale retail and ecommerce channels. Relationships are in place with several leading foodservice...
Offers an extensive selection of products from leading brands, including frozen meat and vegetables, preprepared meals, dry goods and toiletries.
LEASEHOLD
Serves own blend barista coffees, artisan gelato and homemade cakes, as well as offering exceptional service to customers throughout the Midlands, South East England and East England.
FREEHOLD
|
16
|
|
Jun
|
Competition watchdog approves sale of Asda petrol stations | DIVISION SALE
The UK competition regulator has accepted an offer from pros...
|
16
|
|
Jun
|
Tenzing portfolio company makes fourth acquisition in eight months | BUSINESS SALE
Outsourced payroll services company Online Payrolls has been...
|
15
|
|
Jun
|
UK events firm and promoter acquired as industry sets sights on reopening | BUSINESS SALE
German firm DEAG has purchased a 90 per cent majority stake ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources