A Lincoln burger restaurant is safe for now although company has gone into administration.
Sargeant Partnership Ltd, which trades as Handmade Burger Company, has gone into administration and has so far closed nine restaurants, none of which are in Lincolnshire.
The nine restaurants in the chain which have closed are:
- Metro Centre, Gateshead
- Braehead Shopping Centre, Glasgow
- East Kilbride Leisure Hub, Glasgow
- Trinity Walk, Wakefield
- Intu Victoria Centre, Nottingham
- Grand Central, Birmingham
- Intu Eldon Square, Newcastle upon Tyne
- The Gate, Newcastle upon Tyne
- White Rose Shopping Centre, Leeds
The closures of the nine restaurants resulted in 163 staff being made redundant out of a total workforce of almost 700.
The remaining 20 restaurants in the chain, including the one in Lincoln, will continue to operate as normal under the control of the joint administrators.
All parties are working towards a swift solution to safeguard as many jobs as possible in the remaining restaurants.
Joint administrator Julien Irving said: “We are monitoring trade closely and looking to get a Company Voluntary Arrangement (CVA) in place which we consider to be the best outcome for all parties.
“If the proposal has the support of the creditors, then a CVA may allow the business to continue.
“We are working hard to seek approval from the companies’ creditors to secure this. If, however, this is not possible, then as Joint Administrators we will seek a buyer for the business.”
The Administration is being undertaken by the Birmingham office of Leonard Curtis Business Rescue & Recovery which is part of the Leonard Curtis Business Solutions Group (LCBSG).