Supper London ceases operations

By George Nott

- Last updated on GMT

High-end restaurant delivery platform Supper London has ceased operations

Related tags delivery Restaurant Fine dining London

High-end restaurant delivery platform Supper London has ceased operations

The Grocer​ reports​ that the company was dissolved following liquidation in February.

It comes after the business, which was launched in 2014 by fixed income trader Panayiotis (Peter) Georgiou, spent all of last year under administration, having been bought out in 2022.

Supper operated a fleet of custom-made, stabilised delivery vehicles aimed at delivering the food in good condition.

The company notably employed its drivers directly rather than using ‘gig economy’ workers, allowing staff to be trained to ensure a more consistent level of service.

It counted Mr Chow, Aquavit and Nobu among its clients, as well as premium stores like Harrods, Fortnum & Mason and Hedonism Wines.

According to administration documents, the company was 'consistently profitable' with the pandemic seeing the company’s turnover increase tenfold.

This led to it securing a £2.4m equity and debt fundraise from Growthdeck in late 2021​, which said the money would 'help it continue on its current trajectory'.

However, the easing of lockdown restrictions spelled 'financial difficulties' for the company, the administration documents state, which at its peak employed 30 staff and a fleet of 150 drivers.

Supper London was offered for sale in late 2022, shortly after the appointment of an administrator. It received four expressions of interest, and was acquired by 'unconnected third-party company' Wimpole 101 for £1m.

Ahead of its dissolution in February, secured creditor Daedalus Partners was owed £1m plus an additional £150,000 that was 'injected into the company' in late 2022 'to meet essential payroll and supplier costs'. This cash injection was to stop a sale of the business from being 'jeopardised'. 

Georgiou's LinkedIn page shows that he stopped working at Supper in June 2023.

Related topics Business & Legislation Fine Dining

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