It has been an incredibly tough time for the industry
A total of 29 food and drink businesses in Nottinghamshire have been declared insolvent in a restaurant crisis sweeping the country. New data has revealed that 3,347 restaurants, pubs and cafes across the UK have been unable to pay their debts in the two years to March 2023, according to data from the Insolvency Service.
In 98 percent of cases it ends with the business shutting. In Nottingham restaurants including Esculent, Mogal-E-Azam and Petit Paris went into insolvency, ending with all three closing down.Some businesses are now trading under new ownership. Amongst them is the Speciality Coffee Shop, in Friar Lane, Nottingham, which closed in November 22 but reopened in January 2023. The Hand & Heart, in Derby Road, has also been taken over and will be reopening soon after a refurbishment.
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