Revel Collective launches formal sales process

The Revel Collective has announced it is launching a formal sales process alongside a strategic review.

The group, which owns Revolution Bars, Revolución de Cuba and Peach Pubs, is reviewing all possible options for the business, including a sale, following a “continued period of external challenges which have impacted business and trading performance”.

The Revel Collective, which rebranded from Revolution Bars Group following a restructuring this time last year, said the persistent economic conditions and the “cumulative impact of Government interventions in the last Budget have combined to thwart the business’ ability to improve performance”.

The business said the costs associated with changes to the employer NICs threshold, minimum wage and duty on spirits stands in excess of £4m per year.

The troubled business said that despite having a degree of optimism at the end of its full year 2025 over the summer, this has not led to an improvement in cash flow.

Group revenue has been lower than anticipated as consumer sentiment remained fragile, evidenced in younger guests who continue to be hit by the cost-of-living crisis.

While Peach Pubs was trading satisfactorily, overall group revenue for the first quarter of 2026 was £26.3m, down 7.4% on a like for like basis, with a 10.5% drop on like-for-like sales from the group’s bar business.

Net debt at 30 September 2025 was £25.3m, compared to £22.1m at the end of June 2025.

The group said it still expects a buoyant festive trading period but is wary of the quieter months in January and February forcasting that “in order to remain within its banking limits, the company would require additional funding at some point in the new calendar year”.

The Revel Collective is not currently in discussions with a potential buyer and notes there is no certainty an offer will made. It expects any transaction will conclude in the new calendar year.