Vegan restaurant group Frost Burgers enters administration

Vegan burger restaurant group Frost Burgers has entered administration as a result of the rising cost of living.

Frost Burgers, which was founded in 2018 by social media influencer Monami Frost, popularised a 100% plant-based menu across its restaurants in Manchester and Liverpool.

Last year, its turnover was £515,811. The chain had also been voted as one of the top 50 burger places in the UK by Big 7 Travel.

But Paul Stanley and Jason Greenhalgh of corporate restructuring firm Begbies Traynor were appointed as joint administrators of Frost Burgers earlier this month (7 October).

It comes after the vegan burger chain stopped trading last month.

Paul Stanley, North-West regional managing partner at Begbies Traynor, said: "Despite gaining an excellent reputation, Frost Burgers has become just one of the many businesses within the hospitality sector that have experienced financial distress. Restaurants in particular, are struggling to afford raw ingredients and many are struggling with their energy bills.

"The hospitality sector is also taking a huge hit from labour shortages as well as debts accrued over lockdowns, including bounce back loans. It is likely that more restaurants will find themselves in a similar position as we progress towards the end of 2022."

Data from Begbies Traynor revealed that almost 2,000 (1,961) bars and restaurants in the North-West region are facing significant financial pressures.

Last month, Got No Beef, an independent vegan restaurant in Cardiff, announced its closure as a result of the "devastating effects of the current economic/energy crises and Brexit".