Health-focused café chain Filmore and Union Group has been acquired out of administration in a pre-pack deal that has saved over 150 jobs.
Phil Pierce and Paul Whitwam, partners at specialist business advisory firm FRP Advisory LLP, were appointed Joint Administrators on 24th May 2019 after the business suffered severe cash flow pressures following a period of challenging trading.
Filmore and Union operated 17 sites in the North of England, which included stand-alone cafes, in-store and train station cafes, as well as a Head Office and production kitchen in Wetherby. The company employed around 230 people.
Following an accelerated sales process and their subsequent appointment, the Joint Administrators secured a partial sale of the business and assets to Coffeesmiths Collective Ltd, the owner of a number of speciality coffee companies, which has acquired 10 of the Filmore & Union trading sites and the production kitchen. 150 employees have transferred across to the new owner. The remaining sites have ceased trading with immediate effect, resulting in around 80 employees being made redundant.
Commenting on the appointment, Phil Pierce said: “Filmore and Union is a well-known and popular independent chain with a strong reputation across the North of England. We are pleased to have been able to secure a deal which crucially protects a large number of jobs in the local area and will help to maximise returns for creditors. We wish the team at Coffeesmiths Collective all the best as they continue to expand their business.
“Unfortunately, it has not been possible to secure the sale of all sites, and we are working with the Redundancy Payments Service to provide support for all employees affected at this difficult time.”
Filmore and Union sites purchased by Coffeesmiths Collective Limited are as follows:
The closed sites are:
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement