Groupco Ltd trading as Steak of the Art - Administration

Groupco Ltd trading as Steak of the Art, a steak and seafood restaurant chain with locations including Bristol and Cardiff, entered administration on 9 April, with Rob Coad and Sam Talby of Undebt appointed as joint administrators.

The chain combined food and art, showcasing local artists and live music at its venues.

The business was impacted by the Covid-19 pandemic and its aftermath, and it appears that scaffolding issues at the Bristol site were the final nail in the coffin.

The Cardiff site has been closed and employees made redundant, while the Bristol site has reportedly been sold via pre-pack administration, saving 17 jobs.