A leading pub chain with dozens of venues has fallen into administration mere days before Chancellor Rachel Reeves’s announcement of rescue plans to save the sector.The Revel Collective, which manages 62 pubs across the UK, has filed for administration in a move that places 3,000 jobs at risk.Previously, the pub chain had warned against the Labour Government’s tax raid on businesses, including the hike to National Insurance and the minimum wageSome 62 venues are at risk of closure with this latest development, which includes more than 20 locations attached to the Peach Pubs brand.Bosses of The Revel Collective also own popular hospitality chains, such as Revolution bars and Revolucion de Cuba.Previously known as Revolution Bar Group, the hospitality chain has posted an estimated £36million in losses in the last four years.In a statement, The Revel Collective said: “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,” the group added.Under its current chairman, former Pizza Express boss Luke Johnson, The Revel Collection put itself up for sale in October 2025 as its cash crisis deepened and sales slumped.Two months later, the business warned that shareholders were likely to see their investment wiped out as part of any deal.The group went through a major restructuring in 2024, in which it shut 15 unprofitable bars in a bid to turn around its performance.LATEST DEVELOPMENTSAndy Burnham’s failed by-election hopes reduce borrowing costs as Labour leadership uncertainty endsGold rushes past record $5,000 as investors shelter wealth amid Donald Trump’s tariff uncertaintyBenefits claims soar among university graduates as 700,000 now receive DWP paymentsHowever, this revamped plan was changed, and it launched a strategic review last autumn into funding and the sale of all or parts of the business.THIS IS A BREAKING NEWS STORY…MORE TO FOLLOW
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