Latest news with #SteakoftheArt
Daily Mail
02-05-2025
- 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.
Scottish Sun
01-05-2025
- Business
- Scottish Sun
Major update on beloved steakhouse chain's collapse as administrators reveal future of at-risk restaurant
The Cardiff venue will still be shut permanently HIGH STEAKS Major update on beloved steakhouse chain's collapse as administrators reveal future of at-risk restaurant A BELOVED steakhouse chain that fell into administration will now keep one of its restaurants open, it has emerged. Steak of the Art, which combines a steak restaurant with an art gallery, was set to close its two sites after going bust last month. 2 Steak of the Art in Bristol has remained open and still takes bookings Credit: Google Maps 2 The Cardiff site has been closed Credit: Google Maps It had one restaurant in Cardiff which has been closed - but administrators revealed that the other site in Bristol has now been saved from being shut after being sold, The Caterer reports. The news has emerged this week after Undebt's Rob Coad and Sam Talby were appointed as Steak of the Art's new joint administrators on April 9. The business was established more than a decade ago by former management consultant Stephen Bowen, who ran it under company Groupco, BusinessLive reports. An unaudited financial statement from March last year revealed the company owed £410,347 to creditors. It followed a hit to trading during the Covid-19 lockdowns in 2020 and 2021, according to the administrator's report. Despite some profits from the Bristol branch in 2022 and 2023, it was then impacted by scaffolding on the building in 2024/25, where the business was felt to have insufficient working capital to continue trading and fell into administration. However, the business and assets relating to the Bristol site have now been sold in a pre-pack administration, enabling that restaurant to remain open. This includes the transfer of 17 employees, where the average monthly number of people employed by the company was 38 last year. The steakhouse has been highly praised by customers, receiving a 4.4 star rating on Google with over 1400 reviews. On TripAdvisor, Steak of the Art has also received some rave reviewed, with its food described as "absolutely delicious". Longtime restaurant chain closes two key locations after 22 years and customers are devastated News of the potential closure of all its sites had caused widespread devastation to Steak of the Art's followers. One diner took to social media and said: "Such a shame, that's the place in Bristol we went." Another wrote: "Steak of the Art!! Gutted!" A third complained: "Is there anything left open in the UK? "Every day something else is closing." The concept of Steak of the Art enables customers to "view some original art, enjoy a drink or just the pleasure of really great food in a fantastic atmosphere" with its unique dining experience. The Bristol restaurant even offered diners the option of Moulin-Rouge inspired private dining, that was free to hire for up to 20 people in the room. Steak of the Art has been contacted by The Sun for comment. The news comes as various other steakhouse businesses have announced their closures. One of those is Rio Brazilian Steakhouse in York which shut earlier this year. Great British Menu star Scott Smith also is having to close his Michelin-listed restaurant Fhior in the summer.
The Sun
01-05-2025
- Business
- The Sun
Major update on beloved steakhouse chain's collapse as administrators reveal future of at-risk restaurant
A BELOVED steakhouse chain that fell into administration will now keep one of its restaurants open, it has emerged. Steak of the Art, which combines a steak restaurant with an art gallery, was set to close its two sites after going bust last month. 2 2 It had one restaurant in Cardiff which has been closed - but administrators revealed that the other site in Bristol has now been saved from being shut after being sold, The Caterer reports. The news has emerged this week after Undebt's Rob Coad and Sam Talby were appointed as Steak of the Art's new joint administrators on April 9. The business was established more than a decade ago by former management consultant Stephen Bowen, who ran it under company Groupco, BusinessLive reports. An unaudited financial statement from March last year revealed the company owed £410,347 to creditors. It followed a hit to trading during the Covid-19 lockdowns in 2020 and 2021, according to the administrator's report. Despite some profits from the Bristol branch in 2022 and 2023, it was then impacted by scaffolding on the building in 2024/25, where the business was felt to have insufficient working capital to continue trading and fell into administration. However, the business and assets relating to the Bristol site have now been sold in a pre-pack administration, enabling that restaurant to remain open. This includes the transfer of 17 employees, where the average monthly number of people employed by the company was 38 last year. The steakhouse has been highly praised by customers, receiving a 4.4 star rating on Google with over 1400 reviews. On TripAdvisor, Steak of the Art has also received some rave reviewed, with its food described as "absolutely delicious". Beloved steakhouse chain to shut ALL its restaurants after collapsing into administration with no explanation News of the potential closure of all its sites had caused widespread devastation to Steak of the Art's followers. One diner took to social media and said: "Such a shame, that's the place in Bristol we went." Another wrote: "Steak of the Art!! Gutted!" A third complained: "Is there anything left open in the UK? "Every day something else is closing." The concept of Steak of the Art enables customers to "view some original art, enjoy a drink or just the pleasure of really great food in a fantastic atmosphere" with its unique dining experience. The Bristol restaurant even offered diners the option of Moulin-Rouge inspired private dining, that was free to hire for up to 20 people in the room. Steak of the Art has been contacted by The Sun for comment. One of those is Rio Brazilian Steakhouse in York which shut earlier this year. Great British Menu star Scott Smith also is having to close his Michelin-listed restaurant Fhior in the summer. 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.
Daily Mirror
01-05-2025
- Business
- Daily Mirror
BREAKING: Beloved restaurant chain Steak of the Art collapses into administration
A restaurant chain is set to close both of its UK branches for good as it has gone into administration. Steak of the Art serve steak, seafood and other meat dishes, such as lamb and game. It is a steakhouse and art gallery concept run by a company called Groupco Ltd. The branches in Bristol and Cardiff had enticed hungry punters for some time but recently the firm has faced challenges. And, according to documents filed at Companies House, Groupco, trading as Steak of the Art, appointed Rob Coad and Sam Talby of Undebt as joint administrators on April 9, 2025. The latest filing shows the company owed £410,347 to creditors as of March 31 last year. It means the Cardiff branch, which had been closed recently, will no now longer reopen and it is believed the Bristol restaurant will also cease trading indefinitely. The administrators and restaurant have not responded to a request for comment from Business Live, which is our sister title. Video Loading Stephen Bowen, a former management consultant, established the business more than one decade ago. Steak of the Art said it offers an "original, fun and entertaining" experience, including the option of Moulin Rouge-inspired private dining. The room has space for up to 20 people and is free to hire. It also has a separate gallery, showcasing work from local and UK artists, and says it offers live music and events, including film nights and fashion show fundraisers. The Bristol restaurant has a 4.2 rating out of five on TripAdvisor, with the last review written on April 5. Regular guests have taken to social media to express their sadness at the expected closure. One customer said: "Steak of the Art!! Gutted!" Another miffed diner commented: "Such a shame, that's the place in Bristol we went." A third complained: "Is there anything left open in the uk? Every day something else is closing." Among the reviews on TripAdvisor for the Bristol eatery, one person praised its atmosphere and service. They wrote: "We threw a surprise birthday lunch at Steak of the Art. They were absolutely brilliant the whole way through. Really helpful with helping with the booking and sorting the private area for us. They also let us serve our own cake for dessert. The steak was absolutely delicious! And the roasts looked amazing, and I'm told were also delicious! I would highly recommend this place!!" The average monthly number of people including directors employed by the company during the period was 38. It is not known if any jobs are at risk due to the administration or whether the company will be put up for sale. Business Live has contacted Undebt and Steak of the Art Bristol for comment.
The Irish Sun
29-04-2025
- 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.
