Revel Collective, the owner of Revolution Bars, has filed a notice of intention to appoint administrators, creating uncertainty over the future of the UK bar chain.
According to a BBC report, the move places up to 2,200 roles at risk.
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The company has 62 pubs and bars in the UK and operates under the Revolution, Revolución de Cuba and Peach Pubs brands. The venues will continue to trade during the administration process, although the business has also been suspended from trading on the AIM market in London.
In a statement, Revel Collective said its board made its decision after discussions with its “secured lender”. The administrators are expected to be appointed within ten business days.
The statement added: “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.”
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By GlobalDataRevel Collective put itself up for sale in October after what it described as an extended period of external challenges. The group also previously pursued a turnaround plan that included closing 15 loss-making bars, but said the measures did not restore performance.
Earlier this month, the company set a 9 January deadline for bids and warned investors they could lose their entire holding under any deal structure.
The shareholders of the company are now expected to receive no return following a sale.
In December 2025, Revel Collective said it had identified “a significant number” of potential buyers. Media reports have linked the process with hospitality groups, including Neos Hospitality.
The company expects to provide an update on a sale in the coming days.
