Owners of Burger King outlets in Great Yarmouth, Wisbech and Bury St Edmunds go into administration
PUBLISHED: 14:24 19 April 2017 | UPDATED: 17:17 01 August 2017
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Jobs have been put at risk at three fast-food franchises after the companies behind them went into administration.
Between them, Millcliffe Ltd and CPL Foods Ltd run 36 franchised Burger King stores across the country, including outlets at Great Yarmouth’s Market Gates, Bury St Edmunds and Wisbech, and employ 1,000 people.
They called in administrators from AlixPartners who said the companies had experienced “cash flow pressure, primarily due to delays in developing and opening new stores linked to their growth strategy”.
The stores will continue to trade while the administrators search for a buyer for all or part of the business.
Joint administrator Nick Cropper 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.”
The affected outlets are at Market Gates shopping centre in Great Yarmouth, St Andrew Street South in Bury St Edmunds and Horsefair shopping centre in Wisbech.
In 2015, the Bury St Edmunds outlet became the first in the country to be granted an alcohol licence, allowing customers to have a beer with their burger.