Skip to main content

ReSolve article - 1000 restaurants and 1500 pubs a year…

ReSolve Capital


Posted: 13 Apr, 2018

In 2017 the number of UK restaurants entering insolvency jumped by 20% to almost 1000, as independent operators and major chains alike succumbed to pressure from rising costs and over-supply, amid the squeeze on consumer spending. The pain has continued into 2018 with wage costs rising and a number of chains have already announced their intention to close sites and seek rent reductions for remaining premises.

The situation is similar in the licensed trade with an estimated 29 pub closures every week, according to latest statistics from CAMRA.

Amidst this gloom in the last week of March ReSolve successfully completed the sale of a restaurant in the City of London, and agreed short-term finance for an operator of managed and tenanted pubs in Northern England, facilitating the restructure of its group and enabling it to return to positive cash flow.

More information about these is available on the links below:

ReSolve completes successful sale of Crab Tavern Restaurant

ReSolve loan enables pub group restructure

ReSolve has particular demonstrable expertise in both these areas and seeks always to consider all options for the benefit of the business experiencing difficulties.

Cameron Gunn

Senior Partner


Back to News

TMA news

18 Jul, 2018

SME Capital to Sponsor the TMA UK Annual Conference

TMA UK is delighted to announce that SME...

14 Jun, 2018

Wells Fargo Capital Finance to Sponsor the TMA UK Annual Conference

TMA UK is delighted to announce that Wells Fargo...

Sponsor news

03 Jul, 2018

Cycle shop owner turns to re-financing loan to push his business to the next level

A Yorkshire cycle shop owner is gearing up for a bright future after completing on a re-financing...

29 May, 2018

What next for the UK High Street?

The recent announcement by Mothercare of plans to reduce its store portfolio by closing 50 outlets...

Tweets

TMA UK @UK_TMA · 7 days ago

My week on Twitter 🎉: 1 Mention, 8 New Followers. See yours with sumall.com/performancetwe… pic.twitter.com/x3MlnX3h51

TMA UK @UK_TMA · 14 days ago

My week on Twitter 🎉: 4 Mentions, 5.65K Mention Reach, 1 Retweet, 679 Retweet Reach, 5 New Followers. See yours wit… twitter.com/i/web/status/1…

JCR

June 2018