The future of restaurant chain Byron Burger appears to be in doubt once again as its owner, Tristar Foods Ltd, looks set to enter administration, The Grocer can reveal.
Tristar Foods filed a notice of intention to appoint an administrator with the courts on 10 September, hiring law firm Farleys Solicitors to oversee proceedings.
Details of the situation remain unclear. However, Tristar Foods is significantly late filing accounts at Companies House.
It would not be the first time that the posh burger chain has struggled financially. In 2020, Famously Proper, owned by investment company Calveton, acquired the chain in a pre-pack administration deal that led to the closure of more than half of its restaurants and 650 job losses.
This marked the third time in two years that the company had been significantly reduced.
Rising costs and lower consumer spending then led to a further nine store closures and 218 job cuts in 2023.
However, 12 sites and around 365 jobs were saved at the time, and were transferred to Tristar Foods, operated by Calveton, through a pre-pack administration.
Advisors at Interpath advisory told the BBC at the time that “sky-high” inflation, which was at a 40-year-high in early 2023, had mounted pressure on the business.
The Grocer has reached out to Byron for comment.
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