The AMT Coffee chain seen at railway stations, airports and hospitals has been sold by administrators – but almost half its UK stores are set to close.
The coffee chain called in administrators Interpath Advisory on Friday and they immediately sold the business to travel caterer SSP.
SSP will take on 25 sites, but 18 will cease trading. Around 100 of AMT’s workforce face redundancy as a result of the closures, with 200 transferring to SSP.
Sam Birchall, director at Interpath Advisory, said: “AMT Coffee is a familiar name to many commuters and travellers across the UK and Ireland, so we are pleased to have concluded this transaction with such a well-established operator in SSP Group, safeguarding the future of the brand as well as a significant number of jobs.
“Regrettably, a total of 18 sites which have not transferred to the purchaser will close with immediate effect, with approximately 100 employees across those sites and the company’s head office being made redundant.”
AMT was created in 1993 by the three McCallum-Toppin brothers. When Alistair arrived in Oxford from Seattle in 1993, he could not find a real espresso-based coffee anywhere.
He asked his two brothers Angus and Allan to join him in creating a new, unique, top quality coffee company which they would name after their initials. Their first railway location came a year later, at Oxford station.