Nick Holloway and Will Wright from Interpath Advisory were appointed joint administrators of AMT Coffee Limited, the coffee chain with sites at airports, rail hubs, hospitals and other locations across the UK and Ireland, on 18 November 2022.
Immediately following their appointment, the business and assets of the Company were sold to SSP Group plc, a leading provider of food and beverage in travel locations worldwide.
The transaction will see 25 AMT Coffee sites transfer to SSP Group, along with approximately 200 employees who are based across these 25 locations. The sites will continue to trade under the AMT Coffee brand name.
Sam Birchall, director at Interpath Advisory who led the transaction, commented: “AMT Coffee is a familiar name to many commuters and travellers across both the UK and Ireland, so we are pleased to have concluded this transaction with such a well-established operator in SSP Group, safeguarding the future of the brand as well as a significant number of jobs.”
Regrettably, a total of 18 sites which have not transferred to the purchaser will close with immediate effect, with approximately 100 employees across those sites and the Company’s head office being made redundant.
Nick Holloway, managing director at Interpath Advisory and joint administrator, said: “The pandemic and broader economic headwinds have made this a particularly tough period for those working across the UK hospitality industry. Our priority as joint administrators will be to provide support and assistance to those impacted by redundancy.”