Overview

• Upmarket Leisure Ltd entered administration in March owing over £11 million to creditors including HMRC, secured lenders Peter Cowgill and Simon Clarke and unsecured suppliers.
• A £5 million buyout in May secured all 400 staff roles across venues in London, Leeds, Liverpool, Newcastle and Manchester.
• Company filings show losses widened from £559,000 to almost £1.5 million in the year to March 2023 amid rising operating expenses.
• Directors reported that a prolonged wave of negative press around D’Acampo’s TV career in early 2025 depressed sales and stalled expansion projects.
• At administration the group held just £117,000 in cash and £320,000 in other assets against mounting liabilities.