A retro-style cocktail bar chain has fallen into administration amid a slew of different pub closures within the UK – with 4 websites closing their doorways for good.
Simmons Bars, which has bars in London and Manchester, supplied brunch, cocktails in teapots and karaoke.
However the firm has now appointed advisory agency Kroll to supervise its administration course of after its most up-to-date accounts reported an almost £750,000 loss for the yr to March 2024.
A serious drop from the yr earlier than, when Simmons made a revenue of slightly below £2million.
It comes solely every week after the enterprise introduced it was closing 4 of its 20 branches.
Up to now, branches in Putney, London Bridge, Bond Road, and Temple have completely closed their doorways.
The way forward for its different 16 bars is thus far unknown, however the Simmons web site nonetheless has a reserving type obtainable for individuals to ebook birthday events, stag and hen dos, and personal operate rooms.
Final week, founder Nick Campbell stated Simmons is hoping to ‘streamline’ its portfolio and restructure its funds within the course of, however extra areas of the bars will open sooner or later.
‘As a part of the method, we’ve taken the powerful determination to exit 4 leases, permitting administration to focus sources on our strongest performing venues,’ he instructed CityAM.
‘Alongside this, we’ve secured extra funding to help future enlargement and operational enhancements throughout the property.’
It’s additionally not but clear what number of employees have been affected by the closures.
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Full checklist of all Simmons bars, areas, and their standing
London branches – present standing unknown
- Angel, 43 Essex Street
- Financial institution, 33 Cornhill
- Clapham, 165 Clapham Excessive Road
- Greek Road, 7 Greek Road
- Holborn, 109 Kingsway
- Kings Cross, 32 Caledonian Street
- Leicester Sq., 28a Leicester Sq.
- Liverpool Road, 21 Widegate Road
- Monument, 35 Eastcheap
- Previous Road, 233a Previous Road
- Oxford Road, 203 Wardour Road
- Piccadilly, 4 Golden Sq.
- Shoreditch, 104-108 Curtain Street
- Soho, 2 Bateman Road
- Tottenham Court docket Street, 17 Manette Road
Manchester department – present standing unknown
- 78 Deansgate, Manchester
Simmons Bars confirmed to have closed
Putney, 32 Putney Excessive Road
London Bridge, 31 College Road
Bond Road, 11 Woodstock Road
Temple, 1 Milford Lane
The state of the UK hospitality trade in 2025
Pubs throughout England, Scotland and Wales are already shutting their doorways at alarming charges.
The British Beer and Pub Affiliation (BBPA) has estimated that 378 pubs will shut this yr, placing 5,600 jobs in peril.
BBPA chief government Emma McClarkin urged the federal government earlier this month to vary enterprise charges within the sector to assist extra pubs hold their doorways open.
Lowering the cumulative tax and regulatory burden would result in extra funding and jobs whereas additionally defending areas that, for a lot of communities, are the one locations left to collect, they are saying.
Pub closures even have an extra impression on those that are a part of the availability chain, together with farmers, brewers and different industries.
The announcement of Simmons’ closures comes as one other fashionable pub chain introduced that ten of its areas would shut quickly as properly.
Brewdog stated they have been unable to ‘discover a system’ to make the bars viable attributable to a number of ‘limiting elements’.
From Brighton to Dundee, the areas will see greater than 100 employees members laid off within the course of, with as little as three days’ discover.
It’s the newest blow to the so-called ‘punk’ brewer after years of allegations of horrible working environments and different closures.
One other resort and pub chain fell into administration after a fall in buyer numbers and rising prices pressured the enterprise to shut six pubs and promote 14 others.
Oakman Inns is predicated in Berkhamsted, Hertfordshire and operates a number of pubs throughout Bedfordshire, Buckinghamshire, Oxfordshire and the Midlands.
Metro has contacted Simmons Bar for additional particulars
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