Administrators hope CVA will save pizza restaurant Homeslice

Administrators will ask creditors to approve a CVA for pizza restaurant Homeslice to allow the business to continue trading.

Homeslice entered administration at the end of 2024 but has continued to trade in the hope it can be preserved as a viable entity.

The business was founded in 2011 and grew to three standalone London restaurants in Neal’s Yard, the City of London and Marylebone.

It is run by brothers Mark and Alan Wogan, the sons of late broadcaster Sir Terry Wogan.

Administrators said the business had struggled to return to pre-Covid trading levels following the pandemic, before increases in supply costs and utilities hit cashflow.

HMRC then issued a winding-up order in October 2024 over an unpaid bill.

Administrators said they will now seek a CVA to allow the business to exit administration.  

If this is not possible or nor approved by creditors the assets will be marketed before the business is dissolved.