Foodservice giant Brakes was owed £864k when Jamie Oliver’s restaurant chain collapsed in May.
The figure was revealed this week in a report from administrators KPMG. In total, creditors have been left facing losses of £83m.
Brakes Bros is the single largest trade creditor in the process and was owed £787.3k at the time of the collapse, according to the report. Brakes Consumables is separately listed and owed £70.3k, while Oliver’s upmarket steak restaurant Barbecoa owes the distributor over £10k.
At the time of the collapse, it was reported Brakes could seek recompense via personal guarantees given it and HSBC, which provided £39.4m in secured debt against the 23 restaurants.
This week Brakes refused to comment on whether these guarantees were in place or if it would be pursuing them.
Other trade creditors include Direct Meats and Direct Seafoods, which were owed £221.5k and £102k respectively from Jamie’s Italian and another £40.5k and £9k from Barbecoa. Drinks group Matthew Clark was owed £168.3k, and Liberty Wines £123.3k.
The chain’s staff will receive all the £360k owed in unpaid wages, benefits and holiday pay.
The administration report documents also shows SSP Group paid £550k for the three Gatwick-based outlets it rescued from the administration process.
Oliver reportedly lost £25m as a result of the chain falling into administration on 21 May, closing 22 restaurants overnight and leaving 1,000 employees out of work. This is in addition to the £12.6m he injected into his business in 2017 to save it from bankruptcy after racking up debts of £71.5m.
Oliver last featured on The Sunday Times Rich List in 2017, when his net worth was estimated at £150m.
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