Bar firm enters administration

Wed, 10 Oct 2018 | ADMINISTRATION



Bar firm Burning Night Group, the owner of a number of Bierkeller Entertainment Complexes around the country, has fallen into administration.

Corporate recovery and professional services firm Begbies Traynor have been called in to handle the administration. Partners Andrew Mackenzie and Julian Pitts have been appointed as joint administrators and have also been assigned as joint administrators of Cornertrack Limited, a fully-owned subsidiary of Burning Night Group and supplier for the venues.

The administration comes after the closure of the company’s Cardiff venue at Millennium Stadium.

Burning Night Group was established in Leeds eight years ago and has since grown its portfolio to encompass six different themed bars and restaurants. Its venues span across cities like Leeds, Liverpool, Manchester, Birmingham and Nottingham.

In spite of the closure of the Cardiff venue, the other five Bierkellers will continue trading operations and have in fact reported growth during the course of the last financial year, with expectations of further growth in the following years.

Joint administrator, Andrew Mackenzie said: “It is important to stress that the companies which own the Bierkeller leases are not in administration and we are working closely with management and lenders to continue to trade these prime assets to their full. We are currently seeking a buyer for the venues in order to bring about the best outcome for the company’s creditors, staff and customers.”

The Burning Night Group employs more than 500 members of staff across the UK with an annual revenue of more than £25 million in the 2017/2018 financial year. Bierkellers comprises a significant part of the Group’s operations.

For all our administrations listings, click here. For more news stories about administrations click here.


Share this article



Latest Businesses for Sale

Free of Tie Inn, Restaurant & Fishery with Letting Rooms
Norfolk, UK Wide

Highly desirable free of tie Inn, restaurant and fishery with letting rooms on a superb main road location in the affluent village of Lenwade. A very rare opportunity to acquire this unique and outstanding business with massive growth potential in an...

Asking Price: Offers Invited
Turnover: £304,000

LEASEHOLD


Café & Coffee Shop
New Romney, Kent, South East, UK

Café/Coffee shop with separate large four bedroom accommodation. Two reception owners accommodation. Full accounts available. Offers invited.

Asking Price: £750,000
Turnover: £312,000

FREEHOLD


The Boathouse Restaurant & Wedding Venue
UK Wide

This is a unique opportunity to acquire a well established and successful restaurant and wedding venue with an unrivalled Loch front location. On the shore of Loch Leven with superb views, this restaurant has a spacious interior and generous Loch fac...

Asking Price: £195,000
Turnover: £419,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
13
 
Dec
 

Harvard Technology Limited enters administration | ADMINISTRATION

A lighting company based in Normanton has been forced to eng...

 
11
 
Dec
 

Concrete company acquired in impressive deal | BUSINESS SALE

A Wrexham-based concrete products and quarrying company is s...

 
08
 
Dec
 

Geotechnical firm completes MBO | MBO/MBI

A geotechnical consulting group based in Durham has successf...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
06
 
Aug
 

Administrators called in for credit union | ADMINISTRATION

Polish Credit Union UK Limited, which launched in 2013 and h...

 
20
 
Jun
 

Children’s food company enters liquidation | ADMINISTRATION

Award-winning children’s organic food manufacturer Min...

 
16
 
Apr
 

Chessum Plants up for sale after falling into administration | BUSINESS SALE

A Bedfordshire-based rose growing specialist, Chessum Plants...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources