5 restaurants closing every day

The latest research analysis by Price Bailey (Accountancy firm) shows that restaurants closing is at its highest rate in a decade for the first three months of the year.
A total of 569 restaurant businesses filed for insolvency in the first quarter of 2023, an average of 5.6 per day.
The Quarter 1 data shows that over the last 12 months, 2,028 restaurants have closed. The report notes that 1,303 restaurants closed in 2021, an average of 3.1 per day.
Situation set to get worse
Price Bailey says t