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Bristol fast-food chain Friska falls into administration

6 July 2021

Bristol fast-food chain Friska falls into administration

Friska, the Bristol based café and fast service restaurant chain has gone into administration.

The brand, founded in 2009, operated out of 12 restaurants located across Bristol, Birmingham and Manchester.

Mark Boughey and Tim Ball of Mazars LLP have been appointed as administrators.

The chain struggled due to the Coronavirus pandemic which forced closures. With many people still working from home too, footfall remained low.

Just last year the company used a CVA. The aim was to close its sites in Birmingham and Manchester and renegotiate rent terms with landlords to focus future operations on its eight Bristol sites. The CVA was approved but the continued impact from the pandemic meant that administrators had no other choice than to seek a buyer and put the business up for sale.

In this time, the business including the goodwill and trading names and the assets at five of the eight Bristol sites has been sold to a third party. The other Bristol sites have been sold to the current management and will operate but under a different brand.

The Caterer reports more.

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