Restaurants won’t be rescued by the success of “Eat Out to Help Out.”

September 14, 2020 / Business News

The success of the “Eat Out to Help Out” government scheme is unfortunately unlikely to be a complete rescue package for every company in the hospitality sector, given the serious challenges they are facing.

Our Senior Partner, John Bell, has written an article for CLH Digital – and in it he goes into detail why the scheme won’t be a recipe for success for all restaurants due to the sheer scale of the financial crisis caused by the on-going pandemic. This has been coupled with a number of other contributory factors, including:

  • A steady decline in consumer spending.
  • An over-saturation of restaurants.
  • The mounting pressure to compete with rival chains and online delivery firms.

Restaurant insolvency specialists

In the article, John talks about the many restaurants that are facing financial difficulty – with the owners looking for advice on how best to deal with the situation. 

He discusses the various insolvency options available to company directors – including a Company Voluntary Arrangement (CVA) and a Creditors’ Voluntary Liquidation (CVL).

If you are the owner of a restaurant which is having cashflow problems, we can help you find the best option for you.

Contact us on 0161 907 4044 or 

You can read the full article on page 18 here: