LEGAL | Staff Reporter, UK

Spudulike collapses after prospective buyer pulls out

Almost 300 jobs were lost as a result.

Baked potato chain Spudulike collapsed after a “last-minute” withdrawal from a prospective buyer, resulting in the closure of all its 37 outlets and the loss of 298 jobs, administrator Leonard Curtis announced.

“We are now focusing on seeking any interest in the group’s remaining assets whilst managing the impact of the closures on former employees, helping them prepare and submit claims for any arrears of wages, statutory notice entitlement and redundancy pay,” joint administrator Neil Bennett said in a statement.

Bennett, along with joint administrator Alex Cadwallader, has worked to prepare a company voluntary agreement (CVA) proposal, which was rejected by creditors, and subsequently pursued the sale of all or part of the Group’s business and assets with a number of prospective buyers.

Spudulike, which sold fresh oven-baked potatoes with a choice of fillings, opened its first outlet in 1974 in the Tollcross area of Edinburgh. Its collapse marks the latest blow to Britain’s high street and follows celebrity chef Jamie Oliver’s restaurant chain going into administration in May, which left 1,000 people without jobs.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.