All Finance articles – Page 34
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Opinion
Navigating the debt landscape
With the well-publicised issues facing the UK’s hospitality sector, many would believe that lenders are steering clear. However, despite clear caution, debt options remain available to the right businesses, write Jacco Brouwer and Thomas Paterson of AlixPartners
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NewsKettlebell Kitchen entities to be liquidated
Kettlebell Kitchen, the fitness food concept, is poised to go into liquidation, with the closure of at least two sites in Manchester.
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NewsStonegate launches £150m bond
Stonegate has launched a £150m bond issue to repay borrowings to fund its recent acquisitions.
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NewsPWC report lifts lid on Pat Val collapse
A report by PWC into the suspected fraud at the heart of the collapse of Patisserie Holdings has allegedly uncovered forged company minutes used to take out overdrafts of almost £10m and fictitious invoices for shop refurbishments.
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Analysis & InsightGoing out spend up 11%-points in Q4 2018
Net spending on leisure was up 4 percentage points (pp) year-on-year for the final quarter of 2018, according to the latest Deloitte Consumer Tracker.
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Opinion
The disruptive lender
OakNorth, lender to Inception, Brasserie Bar Co and Leon, on why it is backing the hospitality sector.
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NewsAG Barr FY revenues up 5%
AG Barr has announced revenues of c£277m for the full year ending 26 January 2019, up c.5% on the prior year.
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NewsHMRC ‘warned Patisserie Holdings in 2016 about possible fraud’
HM Revenue & Customs raised concerns with Patisserie Holdings that some of its invoices and cheques had been forged more than two years before the group revealed its accounting blackhole, The Times has reported.
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NewsAprirose confirms £15m NewRiver deal
Aprirose, the real estate investment company, has confirmed it was the purchaser of a 22-strong community pub portfolio from NewRiver, for £15m.
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News
MCA and AlixPartners launch Growth Company Index 2019
MCA is once again teaming up with leading advisory firm AlixPartners to identify the top 50 private firms with the fastest-growing profits in the UK eating and drinking-out sector.
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Analysis & InsightPatisserie Holdings: Inevitable but still unbelievable
As Patisserie Holdings called in administrators, with 70 sites to close, James Wallin reflects on the sad conclusion to a sorry tale, and why the trashing of Luke Johnson’s reputation does no favours for the sector.
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NewsPatisserie Holdings calls in administrators
Patisserie Holdings is calling in administrators after being unable to renew its bank facilities, with 70 of its c200-odd sites to close.
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NewsPizza Hut franchisee in administration
Four Pizza Hut takeaway restaurants have closed after franchisee J&R Pizza Limited went into administration, MCA has learnt.
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NewsEx-MAD FD takes on Manchester bars
The former finance director of Mark Andrew Developments (MAD) Ltd has taken on a collection of the former Manchester bar group sites after it went into liquidation.
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Opinion
Crowdfunding round-up
The latest investment news from the crowd, including Three Joes, Breakfast Club, Pachamama and Matt Gillan.
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NewsAnalysts corner: City Pub Company
Following its 2018 trading update, analysts at Liberum and Berenberg share their views on City Pub Company’s performance.
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NewsPatisserie Holdings: Ledgers contained thousands of false entries
Patisserie Holdings is working with KPMG to examine “all options” open to the beleaguered chain after investigations into its accounts revealed the picture was worse than first anticipated.
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NewsOlvin secures £1.5 seed investment round
Olvin, an analytics platform for bar operators and the wider drinks trade, has secured £1.55m seed round of investment led by Brainchild Ventures and Novator Partners.
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NewsAnalysts corner: Berenberg on pubs
On the back of varied performance by the multiple pub operators last year, Berenberg lays out its key areas of focus in the sector this year and looks at how the pub chains might fare.
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NewsOakman achieves 8.5% rise in YTD lfls
Oakman Inns has achieved an 8.5% increase in like-for-like sales during the 40 weeks to 6 January, including an 8.5% rise over the five-week festive period.