The Gentlemen Baristas bought out of administration

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The Gentlemen Baristas bought out of administration

Related tags The Gentlemen Baristas Multi-site Coffee Administration Finance

Coffee shop chain The Gentlemen Baristas has been bought out of administration for £785,000.

The chain, which called in the administrators in January​ this year, received 16 offers ranging from £3,200 for individual assets to £785,000 for the business and its shareholdings in two trading subsidiaries, according to documents filed at Companies House.

The Gentlemen Baristas was founded by Henry Ayers and Ed Parkes and opened its first site on Union Street in Borough in 2014.

It expanded across the capital and by the summer of 2022 had grown its estate to 11, which included a mix of bricks and mortar locations and collaborative outlets in office buildings.

However, the group has subsequently downsized and at the start of the year operated a total of four sites.

Following the appointment of Farheen Qureshi of Parker Getty as administrator on 5 January, the group appears to have now cut its portfolio to two coffee houses, which includes a flagship in Piccadilly and a site in London Bridge. 

The group also owns a roastery in Maryland Stratford, which launched last year and is also understood to remain in operation.

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