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Ibérica looking to appoint administrators
The Spanish restaurant group opened its first site in London’s Marylebone in 2008.
Spanish restaurant group Ibérica has reportedly filed a notice of intention to appoint administrators.
The business is understood to be in talks with professional services firm RSM to handle the insolvency, according to Sky News.
Ibérica was founded in 2008 by Nacho Manzano, the chef behind Michelin-starred Spanish restaurants Casa Marcial and La Salgar, and Marcos Fernandez Pardo.
The restaurant group underwent a Company Voluntary Arrangement (CVA) in 2020, which led to the closure of two restaurants in Glasgow and Manchester.
Ibérica currently operates four restaurants across London and one in Leeds.
In its latest set of financial results for the year ended 31 March 2024, published last week, the director of the company chose not to include a copy of the profit and loss statement.
Ibérica and RSM have been contacted for comment.
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