Here is our daily UK hospitality news roundup
Trade bodies and real estate consultancy call on the government to reform business rates
Colliers calculated the rating bills of high street names of those with around 20 stores or more that have gone into administration or announced CVAs since the 2017 revaluation, including Handmade Burger Co., Jamie’s Italian, Prezzo and Byron. Its figures show that the companies saw a collective rates bill of more than £152m last year.
The company’s data also shows that 12,000 jobs have already been lost or put on the line since April 2017.
Colliers’ head of business rates, John Webber, is calling on the government to “tackle the problem properly” before more companies get into trouble and more people lose their jobs.
According to UK Hospitality, pubs and restaurants alone are paying £1bn a year more in rates than they should be.
Bar group ETM secures £10m to fund expansion
London bar and restaurant group ETM has secured a £10m funding package from HSBC to support its growth plans.The group, whose venues include the Botanist Broadgate, Greenwood at Nova in Victoria and rooftop destination Aviary in Finsbury Square, has announced plans for significant expansion over the next five years.
It will open a new site called Maple in Westfield White City this summer and already has two further openings planned for the financial year. Ed Martin, co-founder and CEO of ETM, said: “We are very excited about the next phase of growth and, with HSBC’s support and financial backing, we will be able to develop and roll out new, innovative, experience-led concepts at a faster rate.
Bartlett Mitchell announces three contracts among £25m deal haul
The company has won contracts with law firms Freshfields and White & Case as well as financial services company Man Group, in deals spanning between three and five years. Bartlett Mitchell will provide cafe, hospitality and free issue services at Freshfields’ new Manchester office. Restaurant, cafe and hospitality services will also be provided at White & Case and Man Group’s London offices. Ian Thomas, CEO of Bartlett Mitchell, said: “We are absolutely delighted to announce the signing of these three contracts.
“Each contract is incredibly different and demonstrates our ability to work with a broad range of partners and clients.
“As an independent and agile business, we are able to work with our clients to ensure that we create offers which represent their culture and values. These three very different contracts are testament to this.
“Food plays a significant role in each of these clients’ businesses and we are proud to contribute to their ongoing success by powering their teams with delicious and nutritious food. These new relationships will create even more career development opportunities for our existing team and attract new talent to join our business.”
The new contracts will see the creation of approximately 63 jobs.