Italian restaurant chain Spaghetti House has closed all its restaurants in the UK after its owner Lavval Restaurants entered administration, The Independent reported.

The company cited rising costs and difficult trading conditions amid “global instability” as reasons for the shutdown, which has resulted in 101 job losses across the business.

A statement at restaurant chain’s website read: “We’re sorry all our restaurants are now closed. We would like to express our deepest gratitude to our loyal customers, partners and team members, past and present, for your support over the years.”

Lavval Restaurants appointed financial and real estate advisory group BTG as administrators last week.

In a statement to Verdict Foodservice, BTG said Asher Miller and Stephen Katz, partners at BTG Begbies Traynor in London, has been appointed as joint administrators to oversee a controlled wind-down of the business.

Asher Miller said: “After a number of years of challenging market conditions worsened by soaring operational, employment, energy and tax costs affecting the hospitality industry, the directors of Lavval Restaurants approached BTG for advice on their available options.

“Unfortunately, despite their best efforts, the directors made the difficult decision to enter administration and appoint us to manage the controlled wind down of the business.

“We will now carry out our role as joint administrators to deliver the best outcome for creditors, working to realise assets, assist former employees with claims, complete our investigations and report to stakeholders in line with our statutory requirements.

“It is a great shame to see a longstanding restaurant business close and we know the decision was not taken lightly. We wish the best to the directors and the rest of the team as they look to their next chapters.”

Spaghetti House had already exited three locations in recent months, including sites in Mayfair, Goodge Street and Fitzrovia, according to The Independent.

BTG has now closed the remaining five central London restaurants, confirming the full shutdown of the estate.

Spaghetti House was founded in 1955 by Simone Lavarini and remained under family ownership.

Lavval Restaurants executive chairman and chief executive Luigi Lavarini said: “Years of increasing costs from the pandemic, Brexit, Government budgets and global instability have created difficult market conditions for hospitality.

“Balancing these costs with reduced demand and spending from customers as they navigate the rising cost of living has proven too challenging.

“Despite best efforts and seeking professional advice, we have had to make this difficult but necessary decision to wind down our business.”