ReSolve sells West London Gastro Pub Group - Resolve Group UK

ReSolve sells West London Gastro Pub Group

Resolve Group UK

ReSolve sells West London Gastro Pub Group

The group comprised four well established public house restaurants located in the prime neighbourhoods of Notting Hill, Ravenscourt Park, West Kensington and Battersea,  three of which were located in premises that had previously been traditional public houses.

Each of the four establishments operated through a separate limited company,  trading under either ‘The Oak’ or ‘Bird in Hand’ brand.

The group approached ReSolve seeking advice and assistance dealing with the problems stemming from closure of the hospitality sector due to the Covid-19 pandemic, with the Government enforced closure of its restaurants having added to the financial problems already facing the business.

ReSolve was engaged to review the trading situation and subsequently appointed as administrators of all four companies.

Despite the persistent difficulties within the restaurant sector, ReSolve recognised the potential of the sites due to their location, reputation and previous trading history. A comprehensive accelerated marketing campaign was undertaken to identify interest from potential buyers, with details sent out to our extensive database of potential purchasers, including licensed trade operators, private equity houses and angel investors.

On 6th August 2020, the trade and assets of all four companies were sold to Racon Investments Limited, with the support of the group’s lender and the restaurants’ landlords, securing the employment of 83 staff across the group.

‘Despite the severe ongoing difficulties being experienced by the hospitality sector as a result of the COVID-19 pandemic, this sale proves that there is still interest and belief in viable restaurant businesses in prime locations. It is particularly pleasing to have secured this sale, and the employment of 83 staff, at such a difficult time and we wish the restaurants every success in the future.’

Cameron Gunn, Senior Partner, ReSolve

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