BSR
BSR
  • 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
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Nine sites to close after Byron Burger owner sold out of administration

Nine sites to close after Byron Burger owner sold out of administration

Fri, 13 Jan 2023 | ADMINISTRATION

Nine sites to close after Byron Burger owner sold out of administration

Nine restaurants are to close and 12 other sites will transfer to a newco after the company behind fast-casual chain Burger Byron fell into administration. Interpath Advisory’s Claire Winder and Chris Pole were appointed as joint administrators to Famously Proper Ltd, which operates the Byron and Mother Clucker chains, on January 13.

Upon their appointment, the joint administrators immediately concluded the sale of the business and assets of 12 sites to newco Tristar Foods Ltd. Nine of the company’s sites will close with immediate effect, leading to the loss of 218 jobs.

The business had previously closed more than half of its 51 sites in a pre-pack administration resulting from the impact of the COVID-19 pandemic. Over the past 12 months, it had faced further trading difficulties, including rising costs for food and utilities and a drop in consumer confidence amid the cost-of-living crisis. While several options were explored to secure the future of the business, no solvent offers were made, leading the firm’s directors to appoint administrators.

Sites will close in Manchester, London – Wembley, Edinburgh Lothian Road, Bluewater, Chelmsford, Leeds, Milton Keynes, Southampton and Salisbury.

The sites that will transfer to the new owners are: London – Covent Garden; London – Central St Giles; London – White City; London – Old Brompton Road; Liverpool; Edinburgh Royal Mile; Cambridge; Bury St Edmunds; Ipswich, York; Norwich; and Oxford.

Commenting on the process, joint administrator and Interpath Managing Director Claire Winder said: "Like many other companies across the hospitality sector, Byron had seen a boost in trading following the end of the COVID lockdown measures. However, the sky-high inflation seen in 2022 saw costs spiral and resulted in reduced customer spend, which in turn placed significant cashflow pressure on the business.”

"We are pleased to have concluded this transaction which will see the Bryon name continue to trade on high streets across the country and which, importantly, has preserved a significant number of jobs."


Find out about the pressures hitting the UK hospitality sector are creating acquisition opportunities.

Read more about the impact of COVID-19 on the UK's fast casual restaurant industry.

Click here to view the UK's latest distressed businesses.

View recent UK administrations.


Share this article



Latest Businesses for Sale

Greek Food Delivery Business
Shoreditch, London, UK

Greek food delivery business based in the busiest part of London. The business is operating for more than 3 years and serving bar customers, the worker's lunch with a kiosk facing the street, and also delivery platforms (Deliveroo, Uber Eats, and Ju...

Asking Price: £300,000
Turnover: £600,000

LEASEHOLD


International at-home Chef Experience
UK Wide

A technology focussed company, operating an international private chef service where it provides its clients with restaurant quality experiences at affordable prices in the comfort of their own homes or holiday accommodation. As an innovative oper...

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

LEASEHOLD


Highly Rated Fish & Chip Shop
North of England, UK

The business was originally established back in 2010, before the current owners took over in 2018. The business has built up an excellent reputation during its time of trading. As seen by the online ratings and reviews, the business is extremely popu...

Asking Price: Offers Invited
Turnover: £390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
Jan
 

Administrators to sell assets as office furniture maker collapses | ADMINISTRATION

Bluespot Furniture, a West Yorkshire-based furniture manufac...

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.