Leon Goes Into Administration But Hope To Exit Via A CVA

Leon, the fast food chain, has appointed administrators at Quantuma  stating that its main priority is to ‘shut loss-making restaurants’.

It was just earlier in May that Quantuma were reported to be drafted in to help the chain secure rent cuts from landlords.

Mr Vincent bought back the chain from Asda last month for a reported £30m.  He is now planning to turn it around.  Mr Vincent stated, “If you look at the performance of LEON’s peers, you will see that everyone is facing challenges – companies are reporting significant losses due to working patterns and increasingly unsustainable taxes.”​

The company, which has gone on to become a key player in the healthy fast-food sector, was set up in 2004 by Mr Dimbleby, John Vincent and chef, Allegra McEvedy. The menu is inspired from the founders; Mediterranean roots- mixing its flavours, variety and natural healthiness.

It operates from more than 44 sites across the UK and has 22 franchises

It has faced difficulty, as have many other players in the fast-food market, particularly due to the slump in commuter numbers, which were a key target consumer group.

It is understood that the chain will try to exit the administration using a CVA.