7Bone Gervis Place Limited, 7Bone Holdings Limited and 7Bone Holdings (1) Limited – administration

7Bone Gervis Place Limited, 7Bone Holdings Limited and 7Bone Holdings (1) Limited, which operated a chain of premium burger restaurants around the south of England and the West Midlands, entered administration in November. Sophie Winder and William Wright of Interpath were appointed joint administrators to complete the sale of the business and the majority of its assets to one of co-founder Matt Mollicone‘s holding companies. The group began to experience significant cash flow issues as a result of, amongst other reasons, the forced closure of the profitable Southampton site due to a fire, the unusually hot summer of 2022 which resulted in weaker than forecast trading, and general headwinds facing the hospitality sector. Nearly 200 jobs have been saved with the sale of the business. Kp Capital Management Limited has a registered charge against two of the companies.