logo
#

Latest news with #GroupcoLtd

Steakhouse chain is to close all its restaurants as it collapses into administration despite reviews saying its food is 'absolutely delicious'
Steakhouse chain is to close all its restaurants as it collapses into administration despite reviews saying its food is 'absolutely delicious'

Daily Mail​

time02-05-2025

  • Business
  • Daily Mail​

Steakhouse chain is to close all its restaurants as it collapses into administration despite reviews saying its food is 'absolutely delicious'

A steakhouse chain is set to close all its branches after falling into administration despite its rave reviews. The restaurant, called Steak of the Art, serves steak, seafood, and other meat dishes in locations in Bristol and Cardiff. A concept that doubles as a steakhouse and an art gallery, the Steak of Art was founded over a decade ago by former management consultant Stephen Bowen. According to its website, the restaurant at Cathedral Walk in Bristol offers diners an 'original, fun and entertaining' experience, with an option of Moulin Rouge-inspired private dining. The restaurants also hosts live music, film nights and fashion show fundraisers. Despite earning positive reviews the chain, owned by Groupco Ltd which is run by Mr Bowen, has collapsed into administration, BusinessLive reports. Rob Coad and Sam Talby of Undebt were appointed as joint administrators on April 9, companies house documents show. The company owed £410,347 to creditors as of March 31 last year, according to the latest filing. This means that the Cardiff site, which recently closed, will now no long reopen and it is understood the Bristol branch is also due to shut indefinitely. It is unknown if jobs will be lost if the company will be sold. The Bristol restaurant, which is still taking bookings online, has a 4.2 rating out of five on TripAdvisor with the last review given on April 5. One customer wrote: 'The whole meal was cooked to perfection, the service was impeccable and the whole experience was a pleasure.' Another added: 'The steak was absolutely delicious! And the roasts looked amazing, and I'm told were also delicious! 'I would highly recommend this place!! The service was also faultless.' A third said: 'Very good food and service. Steak was cooked well and very tasty dishes. Would definitely visit again.' While someone else wrote: 'Impromptu work dinner for 10 of us whilst in Bristol. One of the best steaks we've tasted. So good!! Great staff and service and the sides were super tasty too. Great job!!' It comes after Rio Brazilian Steakhouse on Bridge Street in York announced it was shutting on Monday. On a statement on its website, the steakhouse said: 'We regret to announce that Rio Brazilian Steakhouse York has now closed. 'We sincerely apologise for any inconvenience this may cause.' A vegan street food chain in Manchester also shut all three of its sites confirming the closures in a post on social media. The founders Robyn Marsh and Damian Myles admitted it is 'really difficult to maintain a thriving business' and listed challenges such as the pandemic and the closure of Hatch food and drink village, which is one of their busiest locations.

Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation
Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation

The Irish Sun

time29-04-2025

  • Business
  • The Irish Sun

Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation

A STEAKHOUSE chain will close all branches after going bust. The restaurants serve steak, seafood and other meat dishes but one has already closed down. Advertisement 2 Steak of the Art has branches in both Bristol and Cardiff Credit: Google Maps Called Steak of the Art, the food spot is a steakhouse and art gallery concept. It has "original, fun and entertaining" sites in both Bristol and Cardiff. Steak of the Art is owned by Groupco Ltd, which is run by former management consultant Stephen Bowen, Companies House documents show Rob Coad and Sam Talby of Undebt were appointed as joint administrators on April 9. Advertisement The latest filing shows the company owed £410,347 to creditors as of March 31 last year. The Cardiff branch has already shut but the Bristol food spot is still up and running, with the website still taking bookings. It offers an option of private dining, where up to 20 people can gather. The steakhouse also has a gallery and hosts live music, film nights and fashion show fundraisers. Advertisement Most read in Money It is not known if jobs will be axed of if the company will be sold. The Sun has approached the restaurant for comment. The news follows Rio Brazilian Steakhouse on Bridge Street, York, revealing it was shutting on Monday. The steakhouse announced: "We regret to announce that Rio Brazilian Steakhouse York has now closed. Advertisement "We sincerely apologise for any inconvenience this may cause." Manchester-based vegan street food chain Herbivorous also confirmed it will be closing all three of its sites this month in an emotional social media post. Founders Robyn Marsh and Damian Myles said it had become 'really difficult to maintain a thriving business', citing challenges including the pandemic, competition and the closure of Hatch food and drink village, one of their busiest sites. Advertisement 2 Steak of the Art is a steakhouse and art gallery concept Credit: Getty What is happening to the hospitality industry? By Laura McGuire, consumer reporter MANY Food and drink chains have been struggling in recently as the cost of living has led to fewer people spending on eating out. Businesses had been struggling to bounce back after the pandemic, only to be hit with soaring energy bills and inflation. Multiple chains have been affected, resulting in big-name brands like Wetherspoons and Frankie & Benny's closing branches. Some chains have not survived, Byron Burger fell into administration last year, with owners saying it would result in the loss of over 200 jobs. Pizza giant, Papa Johns is shutting down 43 of its stores soon. Tasty, the owner of Wildwood, said it will shut sites as part of major restructuring plans.

Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation
Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation

Scottish Sun

time29-04-2025

  • Business
  • Scottish Sun

Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation

It isn't known if jobs are at risk or if the company is up for sale STEAK OUT Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation A CHAIN of steakhouses will close all of its branches after going bust. The restaurants serve steak, seafood and other meat dishes but one has already closed down. Advertisement Called Steak of the Art, the food spot is a steakhouse and art gallery concept. It has "original, fun and entertaining" sites in both Bristol and Cardiff, which will be shut down. Steak of the Art is owned by Groupco Ltd, which is run by a former management consultant Stephen Bowen, BusinessLive reports. Companies House documents show Rob Coad and Sam Talby of Undebt were appointed as joint administrators on April 9. Advertisement The latest filing shows the company owed £410,347 to creditors as of March 31 last year. The Cardiff branch has already been shut down, but the Bristol food spot is currently still up and running, with the website still taking bookings. It offers an option of private dining, where up to 20 people can gather. The steakhouse also has a gallery and hosts live music, film nights and fashion show fundraisers. Advertisement It is not known if jobs will be axed of if the company will be sold. The Sun has approached the restaurant for comment. The news follows Rio Brazilian Steakhouse on Bridge Street, York, revealing it was shutting on Monday. The steakhouse announced: "We regret to announce that Rio Brazilian Steakhouse York has now closed. Advertisement "We sincerely apologise for any inconvenience this may cause." Manchester-based vegan street food chain Herbivorous also confirmed it will be closing all three of its sites this month in an emotional social media post. Robyn and Damian said it had become 'really difficult to maintain a thriving business', citing challenges including the pandemic, competition and the closure of Hatch food and drink village, one of their busiest sites. 1 Steak of the Art has branches in both Bristol and Cardiff Credit: Google Maps Advertisement

Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation
Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation

The Sun

time29-04-2025

  • Business
  • The Sun

Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation

A CHAIN of steakhouses will close all of its branches after going bust. The restaurants serve steak, seafood and other meat dishes but one has already closed down. Called Steak of the Art, the food spot is a steakhouse and art gallery concept. It has "original, fun and entertaining" sites in both Bristol and Cardiff, which will be shut down. Steak of the Art is owned by Groupco Ltd, which is run by a former management consultant Stephen Bowen, BusinessLive reports. Companies House documents show Rob Coad and Sam Talby of Undebt were appointed as joint administrators on April 9. The latest filing shows the company owed £410,347 to creditors as of March 31 last year. The Cardiff branch has already been shut down, but the Bristol food spot is currently still up and running, with the website still taking bookings. It offers an option of private dining, where up to 20 people can gather. The steakhouse also has a gallery and hosts live music, film nights and fashion show fundraisers. It is not known if jobs will be axed of if the company will be sold. The Sun has approached the restaurant for comment. The news follows Rio Brazilian Steakhouse on Bridge Street, York, revealing it was shutting on Monday. The steakhouse announced: "We regret to announce that Rio Brazilian Steakhouse York has now closed. "We sincerely apologise for any inconvenience this may cause." Manchester-based vegan street food chain Herbivorous also confirmed it will be closing all three of its sites this month in an emotional social media post. Robyn and Damian said it had become 'really difficult to maintain a thriving business', citing challenges including the pandemic, competition and the closure of Hatch food and drink village, one of their busiest sites. 1 What is happening to the hospitality industry? By Laura McGuire, consumer reporter MANY Food and drink chains have been struggling in recently as the cost of living has led to fewer people spending on eating out. Businesses had been struggling to bounce back after the pandemic, only to be hit with soaring energy bills and inflation. Multiple chains have been affected, resulting in big-name brands like Wetherspoons and Frankie & Benny's closing branches. Some chains have not survived, Byron Burger fell into administration last year, with owners saying it would result in the loss of over 200 jobs. Pizza giant, Papa Johns is shutting down 43 of its stores soon. Tasty, the owner of Wildwood, said it will shut sites as part of major restructuring plans.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store