The independent spirits industry in Britain is growing rapidly – according to UHY Hacker Young, the national accountancy group, 54 new distilleries opened in 2023.
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According to research from UHY Hacker Young, the UK’s Top 100 restaurant groups have recorded a twelvefold increase in their profits in the last six months, rising from £19.9m in September 2022 to £241.8m in March 2023.
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Once billed as bricks-and-mortar retail’s salvation, an on-trade element has become a trickier proposition. James Lawrence reports.
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While the number of venues closing seems scary, there are still new ones opening up. James Bayley talks to George Sandbach about an enigma.
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Insolvencies of pub and bar companies have increased by 83% in the past year, from 280 in 2020/21 to 512, says UHY Hacker Young, the national accountancy group.
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Research unveiled by accountancy group UHY Hacker Young shows that the UK's top 100 restaurants returned to profitability in 2022, after four years of consecutive losses.
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The national accountancy group, UHY Hacker Young, has revealed that a record 64% of the UK’s top 100 restaurant companies are now making a loss.
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UK restaurant insolvencies have jumped 64% from 856 in 2020/21 to 1,406 in the past year as rising inflation and labour shortages drive restaurants out of business.
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