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Business advisory firm Quantuma has advised Leon Restaurants through a financial restructuring to rescue the business from administration.
The chain will emerge from administration after receiving unanimous backing from voting creditors, including HM Revenue and Customs, for a company voluntary arrangement. The deal saves more than 530 jobs across the company’s head office, central support, and remaining trading sites.
The restructuring involves the closure of underperforming outlets, reducing the estate to 43 restaurants, which includes 23 franchises. Affected staff were offered a fast-track application process for alternative roles at Pret A Manger, while the separate Leon Grocery business was unaffected by the process.
The chain was founded in 2004 on London’s Carnaby Street and grew to 75 sites before being bought back from supermarket operator Asda by co-founder John Vincent in October 2025. Quantuma managing directors Brian Burke and Michael Kiely, alongside Andrew Andronikou of BTG Consulting, were appointed as administrators on 10 December 2025.
Burke said: “I am delighted to have achieved this positive outcome for Leon which protects over 530 jobs and ensures the continuity of a highly valued restaurant chain.
“While the retail and hospitality sector continues to suffer highly challenging trading conditions given the impacts of increased costs, tax burdens, business rates and national insurance, I am very pleased that the Quantuma team has secured an outcome that will position the business to return to its positive trajectory.”
Vincent said: “I am so grateful to all our landlords and other creditors who have shown us such strong support in recent months. With their backing we now have the opportunity, as well as the responsibility, to get Leon back to its best and to help people eat and live well every day.
“I would also like to thank all my colleagues for working extremely hard during the same period to stabilise the business and restore some of its old verve. And finally, I would like to thank all our Leon customers, who were so patient when the business was in the wilderness and are now back in our restaurants and cheering us on.”
