The group, which specialises in high-quality sandwiches and coffee, has closed sites on the Strand, New Oxford Street and High Holborn, the latter of which only opened in May this year.
It comes after the group underwent a CVA that was approved earlier this month by 98.3% of voting creditors.
According to documents filed to Companies House, Yolk has accumulated almost £1.7m in debt, which includes a director’s loan of £21,661 owed to founder Nick Philpot.
The only creditor to reject the CVA proposal was British Gas, which is owed £26,576, the documents show.
Yolk also owes £75,787 to the City of Westminster council, which abstained from voting.
Philpot launched Yolk as a pop up in 2014 and opened its first bricks and mortar site on New Street Square in the City in late 2018.
The group revealed a major rebrand in May this year with the aim of creating a distinctive voice amid a crowded sandwich and lunchtime sector. It involved a revamped menu, new brand, and enhanced in-store experience for customers.
At the time, Philpot said the move was part of the group’s plans to open more central London stores in 2025 and move into key London neighbourhoods from 2026 onwards, fuelled by £650,000 of fresh investment in late 2024.
It also launched a £1.5m fundraise to support its expansion ambitions.
