Joint administrators have been appointed to the Brian Maule at Chardon d’Or restaurant in Glasgow following its closure last week.
The 80-cover fine dining restaurant ceased trading after it held its final service on 22 July. All 21 employees were made redundant as a result.
In recent months, the business had struggled with rising food and energy costs, the suspension of business rates relief, and declining consumer confidence.
Alistair McAlinden and Blair Nimmo from Interpth Advisory were appointed joint administrators to Le Chardon d’Or Limited on 27 July 2023.
Nimmo said: “These are tough times for the hospitality industry, which was first left reeling by the impact of lockdown measures during the pandemic, and which has since had to contend with hyperinflation and the impact of the cost-of-living crisis on its customer base.”
McAlinden added: “Brian has worked tirelessly to ensure that Chardon D’or’s market-leading reputation was maintained, even in the face of the most challenging trading and financial conditions in its 22 year history. Our immediate priority will be to provide assistance to employees, including providing them with the information necessary to make claims for redundancy pay from the Redundancy Payments Office.
“We will also seek to realise the company’s assets for the benefit of its creditors, which will include bringing the property at West Regent Street to market in due course.
"Given the unique opportunity to acquire a hospitality premises of this quality, we would strongly encourage interested parties to make early contact with the joint administrators.”
Chef Brian Maule opened Le Chardon d'Or in 2001 and served seasonal dishes sourced from Scottish suppliers, such as fillet of Scotch lamb, confit bons bons, crushed peas and mint jus;and tart tartin of apple, vanilla ice-cream and butterscotch sauce