The Revel Collective (TRC), which trades mainly under the Revolution, Revolución de Cuba and Peach Pubs brands, confirmed on Monday (26 January) it has filed a notice of intention to appoint administrators.
Michael Lynch, partner at city law DMH Stallard and restructuring and insolvency specialist, said: “It is perhaps not surprising in this current market that, after what should be a busy trading period for pubs and bars such as Revolution, a potential purchaser, with sight of The Revel Collective’s books and records by way of an NDA, decided not to proceed with a purchase.
“It likely saw that there was general creditor pressure (probably from lenders) and that formal administration was in the offing; understandably, any purchaser would prefer to buy a business without debt than be burdened by it.
A reset for business
“In such circumstances, it would be unusual – not impossible – for trade creditors to see any benefit out of an administration process.
“From a legal perspective, administration can be a reset for a business and put it onto a stronger footing going forward; if a purchase of the business does take place, it can save jobs and reinvigorate the business.”
A statement from TRC on Monday read: “As noted in the previous announcement, the board has been actively pursuing the formal sale process to identify an acquirer or acquirers for the business. Those discussions are well advanced and the board anticipates a further announcement in the coming days.
Action to protect creditors
“Since the transactions being contemplated are not expected to deliver any return to shareholders, the board has resolved to take action to protect creditors. Unless circumstances change, and in accordance with statutory requirements, the board intends to appoint administrators within 10 business days.
“The business will continue to trade and the company will continue to work alongside advisers in order to preserve as much value as possible for all stakeholders as it advances a potential sale of all or parts of the business.”
On 19 December last year, TRC gave an update on its strategic review and a formal sales process that was originally launched on 24 October 2025 when it announced its 2025 annual report would be delayed and expected to cease trading of its ordinary shares on 29 December.
