Some 69% of hospitality and leisure operators are having to weigh up insolvency or a restructure with current rent levels remaining unaffordable for the vast majority of companies, new research has found.
Commercial lease restructuring firm Cedar Dean surveyed more than 230 businesses in the trade and found 86% of London-based operators don’t think their new or existing terms are sufficient, compared to three quarters (77%) of those outside the capital.
Manolete Partners (LON:MANO) work alongside IPs from all of the “Big Four” through to one and two partner specialist insolvency and restructuring practices in the regions. Manolete finances the work of the Insolvency Practitioner and their lawyers to make optimal recoveries for the creditor estates and takes on all the risk.
