News

  • A quarter of hospitality businesses fear going bust
    New data from the pub industry released today showed that almost a quarter of hospitality businesses think they will go bust by the end of the year without new government support. Yesterday Boris Johnson unveiled sweeping new measures to curb a rise in coronavirus cases, including a 10pm curfew on all hospitality firms. The move, […]
  • Business Interruption Insurance policies to pay out over Covid-19
    The High Court has ruled in favour of a group of insured businesses. The Hiscox Action Group (HAG) felt aggrieved that their policies provided by Hiscox Insurance didn’t cover loss of business due to the Coronavirus.  The insurers argued that the policies only covered local lockdowns or specific shutdowns on their properties caused by a disease.    […]
  • Eat Out to Help Out Huge Success
    Rishi Sunak’s Eat Out to Help Out has been hailed as a huge success with 65 million meals claimed on the discount that ran from Mon-Wednesday. Restaurants reported that they were completely booked out during those days and spend was up significantly. This has been a welcome boost to the hospitality trade and there are […]
  • Hospitality to Reopen 4th July
    Finally, the go-ahead has been given to the hospitality industry to reopen with the social distancing rules reduced to 1m. There are a raft of rules and guidelines for the industry which should keep them “Covid Secure” Read the guidance here
  • Travelodge to propose CVA
    Just last month, Travelodge hit the news for looking at a CVA again. Today we are told that a CVA is to be unveiled which includes a new commitment from shareholders to inject up to £40m of new equity. The borrowing capacity has been increased to £100m, compared to the £60m initial amount.   An […]
  • Carluccio to be bought
    Just over a month since the last news hit the media about the state of Carluccio’s administration and we hear of a promising deal in the line-up for the struggling high street restaurant chain. The owner of the Giraffe restaurant chain, Boparan Restaurants, led by tycoon Ranjit Boparan, is said to be making a deal to […]
  • Winding up petitions against hospitality businesses up
    The number of petitions filed against hospitality firms up to 20 April 2020 reached 53, compared to 20 during the same period in 2019, according to figures compiled by accountancy firm UHY Hacker Young. The figures account for only the very early stages of the coronavirus crisis. The accountancy firm anticipates that some of the […]
  • Al fresco dining could be allowed within weeks
    Some restaurants, pubs, and coffee shops could be allowed to open within weeks, which would be a month earlier than expected. Ministers are reportedly considering plans to allow hospitality venues to open in outdoor areas in what would be a boost to the sector. Read more