Angus Steakhouse on the ‘brink of collapse’

The Angus Steakhouse chain is reportedly on the brink of collapse.

After more than 50 years serving steaks to British folk and tourists, the group is understood to have hired KMPG to assist with negotiations with landlords.

The Telegraph said KPMG has written to landlords asking for a rent holiday until trading restrictions are lifted post-lockdown. There has also been a request for day rates than than quarterly rent.

The financial firm is said to be preparing for administration.

The Angus Steakhouse was established in 1968 by Reginald Eastwood and currently has five sites in London.

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