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Administrators appointed to Square Pie

Administrators appointed to Square Pie

Rob Croxen and Will Wright from KPMG were appointed Joint Administrators of Square Pie Limited on 5th February 2018.


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The company operated a casual dining restaurant business from five sites in London and Birmingham, alongside a wholesale and grocery offering.

The company, which had a turnover of circa £4 million and employed circa 53 staff, had experienced an
extended period of losses which ultimately resulted in cash flow difficulties.

A team from KPMG was appointed to run an early options process in December 2017, which resulted in the trade and certain assets of the wholesale and grocery part of the business being sold to Beat Foods Limited by the Joint Administrators. The purchaser has taken on 3 employees via TUPE, thus preserving their jobs.

However, with insufficient funds available to trade the rest of the business, the Joint Administrators closed all five restaurant outlets immediately upon appointment, resulting in circa 50 redundancies.

Rob Croxen, partner at KPMG and Joint Administrator, said: “These are tough times for companies in the casual dining sector as operators continue to contend with rising input costs, fragile consumer confidence and the impact of the Living Wage.

“Our priority now as administrators is to work with those employees being made redundant whilst realising the company’s remaining assets.”



Notes to editors:

For media enquiries, please contact:

Katy Broomhead, Senior PR Manager

T: 0161 246 4623

M: 07824 537963


KPMG Press Office: 020 7694 8773


About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.


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