Revolution Bars owner Revel Collective enters administration after sale efforts falter

The Revel Collective plc, the London listed owner of the Revolution bars chain, has entered administration, with Lindsay Hallam, Oliver Wright and Matthew Callaghan of FTI Consulting appointed as joint administrators on 27 January 2026.

The appointment follows weeks of mounting financial strain and an aborted effort to secure a solvent sale after the group filed a notice of intention to appoint administrators earlier this month. The business operates 62 venues across the UK under the Revolution, Revolución de Cuba and Peach Pubs brands, and employs up to 2,200 staff, all of whom remain at risk as the process unfolds.

The administrators said the group’s bars and pubs continue to trade while options are assessed, with the objective of achieving a going concern sale or alternative transaction that preserves value. The company’s shares were suspended from trading on AIM ahead of the administration, and shareholders are not expected to receive any return under a sale or restructuring outcome.

Revel Collective had launched a formal sale process in October after what it described as a prolonged period of external challenges, including higher operating costs, softer consumer demand, and pressure on discretionary spending. A turnaround plan implemented last year, which included the closure of 15 loss making sites, failed to restore sustainable performance. In early January, the company warned investors that any transaction could result in a total loss of equity.

Discussions with potential buyers were described as advanced prior to the filing, with interest reported from strategic hospitality operators. The board’s decision to appoint administrators followed negotiations with the group’s secured lender, after it became clear that a solvent solution was no longer achievable within available liquidity constraints.