Restaurant understands that the group shuttered its sites in Soho, Camden and Wembley in the last month, bringing an end to its presence in the UK nearly six years on from its original launch in the capital.
The group confirmed the closures to The Sun, which reports that it will potentially create 150 job losses.
A spokesperson for the group said: “We have no further comment at this time, other than to confirm that the business has taken the difficult decision to close its UK restaurants.”
Neat originally launched as Neat Burger in September 2019 with a site on Regent’s Street and was previously plotting an accelerated expansion programme.
In 2022, the group set out plans to have a international estate of 1,000 sites by 2030, and in 2023 raised $18m to support its global ambitions.
However, Neat Burger subsequently struggled to maintain momentum, similar to other operators in the plant based QSR space.
According to its most recent accounts filed to Companies House, the group made a loss of £7.9m in 2022. This followed a loss of £3.2m the year before.
Having closed half of its London-based UK estate in 2023, the group unveiled an overhaul of its concept in February last year that saw it drop the ‘Burger’ from its name and broaden its menu by moving away from fast food and positioning it as a more health-focused option with an emphasis on natural wholefoods and plant-based proteins.
At the time, Neat said it had drawn on customer feedback and the ‘changing global landscape of plant-based eating preferences’ when developing its new ‘modernised identity’.
However, the new brand identity failed rejuvenate the group’s fortunes.
In September last year the group closed its outposts in New York and Dubai in a setback to its international ambitions.
Around the same time, Neat co-founder and director Zack Bishti left the business.
The London closures leaves Neat with two international outposts, both located in Milan, Italy.