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.
Nestled in the scenic village of Marsham, Norfolk, this fully refurbished freehold pub boasts 11 letting bedrooms and a charming bar and restaurant accommodating 95 covers.
FREEHOLD
This prime city centre gastro pub in Leeds offers a superb opportunity for an experienced operator to establish a thriving business in a high footfall area, with the potential to create a lively day-to-night atmosphere by featuring premium ales and a...
LEASEHOLD
This award-winning, family-run brewery and restaurant offers a unique blend of traditional brewing techniques and modern flavours, situated in the stunning Lake District.
Looking for more businesses? Try our off-market tool.
|
16
|
|
Oct
|
Listed Surrey country hotel acquired out of administration | COMMERCIAL PROPERTY
A country hotel in Surrey has been acquired out of administr...
|
15
|
|
Oct
|
Oakglen Wealth expands into financial planning market with acquisition | BUSINESS SALE
Wealth management firm Oakglen Wealth is set to expand into ...
|
15
|
|
Oct
|
Palatine enters legal services sector with Centrefield investment | BUSINESS NEWS
Mid-market private equity firm Palatine has entered the lega...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.