JOBS at a Burger King in Redditch could be at risk after chiefs at the the company which runs the franchise announced it had gone into administration.
Millcliffe Ltd and CPL Foods Ltd, which run a total of 36 Burger Kings across the UK including the one in the Kingfisher Shopping Centre, went into administration this month and a list of the affected outlets was released last week.
All the branches – including the one in Redditch – are remaining open and trading while the administrators explore “all possible options for a sale of all or parts of the business”. They will also be working closely with the franchisor, Burger King Europe GmbH, in finding suitable interested parties.
Administrators were appointed after the businesses experienced cash flow pressures and Scottish business advisory firm Alix Partners is reportedly managing those firms’ affairs.
The administrators said: “Our priority now is to work closely with the business and determine the optimum route forward for the companies as we continue to serve our valued guests throughout the UK.”
“We are confident that the companies are an attractive proposition for a range of potential buyers and, as such, we expect and welcome contact from interested third parties.”
Burger King, which was founded in the US in 1953, has 1,400 restaurants in the UK with more than 11,500 outlets in more than 72 countries around the world.
It is not yet known how many staff the restaurant in the Kingfisher Centre employs, but around 1000 jobs nationwide are expected to be affected.
More to follow.
