Handmade Burger Company plunges into administration

Handmade Burger Company Birmingham Finance investment

The Handmade Burger Company is in talks about the future of its business after it collapsed into administration yesterday.

Nine of its 29 restaurants were closed immediately, with the remaining sites continuing to trade as normal under the administrators’ control.

Paul Masters, Conrad Beighton and Julien Irving of Leonard Curtis Recovery were appointed as Joint Administrators and they hope to find a solution which will enable as many jobs as possible to be preserved.

“The Joint Administrators intend to seek approval from the companies’ creditors to a Company Voluntary Arrangement, which is considered to be the best outcome for all creditors,” they explained in a statement.

“If this cannot be achieved then the Joint Administrators will seek to find a buyer for the business. The Joint Administrators are in discussions with the key stakeholders and creditors of the business to achieve a positive outcome.”

The administration is being handled by the Birmingham office of Leonard Curtis.

Experts said the collapse was a fresh sign of the challenges facing the casual dining sector, with rising rents, national wage hikes and business rates costs making it difficult for operators.

The Handmade Burger Company built it business on a menu full of fresh food, with items handmade every day in its restaurants using the “finest, traceable” ingredients.

Two years ago the company announced it had received £600,000 funding from Finance Birmingham, which it used to fit out restaurants and open its largest restaurant, in Grand Central, with a 200-seat capacity.

Authors

HAVE YOUR SAY...

*

Related posts

Top