Rescue of the beloved steakhouse chain
The Middletons Steakhouse & Grill chain has avoided bankruptcy and preserved 159 jobs. The business was sold out of administration, allowing seven restaurants across the UK to continue serving their customers.
Tim Bateson and James Clark from Interpath became joint administrators for this struggling chain.
“Thanks to this sale, the restaurants can operate again and continue to delight their customers with delicious dishes,” said one of the administrators.
Now Middletons Steakhouse & Grill has the opportunity to recover its market position and return to active growth.
This situation serves as a great example of how effective management during a tough Time can change the fate of a business. Customers of the chain can once again enjoy their favorite dishes, and employees can keep their jobs, which will undoubtedly have a positive impact on the local economy.
