The challenges of the casual dining market due to the overcapacity in the sector has led to many struggles as seen by the likes of Jamie’s Italian, Gaucho, Prezzo and Pizza Express to name but a few.
Now it is the turn of Handmade Burger Company, as the chain falls into administration with all its 18 UK restaurants and 238 jobs immediately affected.
Sales across the chain have plunged, with figures having almost halved across the last four years, proving its unsustainability. The company are no stranger to administration. In July 2017, they fell into administration, resulting in the closure of nine restaurants however a buyer was found, hence they were able to continue trading.
David Griffiths, Conrad Beighton and Paul Masters of Leonard Curtis, Business Rescue & Recovery were appointed joint administrators earlier today. They explained how due to the circumstances, this time round, no sale of the business has been possible.
‘’Our focus now should be on those employees affected by this difficult news. We will work hard to provide them with all necessary assistance to claim for monies which remain due to them.”
If you are an employee who has been affected, see our helpful guide and advice here.