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UK's 100 biggest restaurant firms have seen their losses more than double

Financial losses at the UKs top 100 restaurant chains are expected to get worse after more than doubling last year, according to new findings. Accountancy firm UHY Hacker Young said the groups losses soared from £269million in the year to March 2020 to £571million last year after strict Covid-19 restrictions caused widespread reductions to their footfall.  It adds that restaurant businesses are likely to experience many more restructurings in the coming months - especially through Company Vo...
United Kingdom Byron Burger Kate Nicholls Frankie Benny Peter Kubik Bella Italia

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Rishi Sunak risks major self-employed fallout as Chancellor delivered 'yet another blow'

Rishi Sunak at a press gathering during pandemic (Image: GETTY) Concerns for the self-employed have consistently been raised since the pandemic erupted in March, with the UK plunged into its first lockdown. Fears self-employed business owners and workers would be the one "paying a price" emerged the likes of Mr Sunak grappled with the huge hit the economy took. Yet, since then, many in the self-employed sector have been left out of the Self Employed Income Support Scheme (SEISS) due to the stri...
United Kingdom George Bull Hargreaves Lansdown Sarah Coles Boris Johnson Rishi Sunak

Holiday homes planned at Hampshire pub the Northbrook Arms

A 19th century pub will be "more sustainable after a six-figure loan allowed its owners to build holiday cottages around it. Kate and Adam Shanley bought the Northbrook Arms – the only pub in the village of East Stratton, near Winchester – in 2019. The couple have a background in holiday accommodation, with two cottages on the other side of Winchester, and had plans for holiday accommodation at the Northbrook Arms. But the plans were delayed by the pandemic and the process of getting ...
Steve Sadler Lloyd Griffith Paul Mccaffrey Kate Shanley Seann Walsh Lloyds Bank

Restaurants Villagio, Friendly Phil's and The Broadwick in Medway close

Restaurants Villagio, Friendly Phils and The Broadwick in Medway close  |  Three restaurants in Medway have been forced to close after administrators were called in. Italian restaurant Villagio and American diner Friendly Phils at Chatham Maritime and The Broadwick in Chatham and Hempstead Valley have all closed after the company which runs them, Dining Street Limited, went into administration. They are the latest to have to close The news means the 147 members of staff employed by the compan...
United States United Kingdom Redundancy Payments Office Friendly Phil Chatham Maritime Hempstead Valley

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