Paul Masters, Conrad Beighton & Julien Irving of Leonard Curtis Recovery were appointed as Joint Administrators of both The Sargeant Partnership Limited and Hand Made Burger Company LLP (“the Companies”) on 6 July 2017, which operate as one business under the name Handmade Burger Co.
Regrettably, 9 of the 29 restaurants were closed on appointment. The remaining restaurants continue to trade as normal under the Joint Administrators’ control and they hope to find a solution which will enable as many jobs as possible to be preserved.
The Joint Administrators intend to seek approval from the Companies’ creditors to a Company Voluntary Arrangement (“CVA”), which is considered to be the best outcome for all creditors. If this cannot be achieved then the Joint Administrators will seek to find a buyer for the business. The Joint Administrators are in discussions with the key stakeholders and creditors of the business to achieve a positive outcome.
The Administration is being handled by the Birmingham office of Leonard Curtis, 85-89 Colmore Row, Birmingham B3 2BB.
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