Restructuring Services Brochure

Click here to read our Restructuring Services Brochure

Leisure operators in the UK have navigated through several years of unprecedented economic headwinds and the industry has generally proven more resilient than many commentators predicted. That said, as the market evolves there are winners and losers as margins remain suppressed from historic levels due to growing wage cost pressures, increased input costs, the cost of living crisis and changing consumer habits. We are generally hearing good news from operators about trade volumes however controlling cashflow often remains a challenge for those with historic debts in an environment of relatively high interest rates.

As specialists in the leisure sector, Fleurets witness first-hand the pressures both operators are facing and the concerns from landlords and funders about the viability of their tenants/borrowers. More so than ever, over recent months we have been instructed to advise on exit strategies, landlord negotiations and funding positions. That said, the market remains active, especially for prime sites and those offering alternative use options. There are a growing number of well-funded purchasers analysing the market and identifying target opportunities as we head through 2024 and into 2025.

Through our work with restructuring experts, banks and funders, it is evident that the distress remains in the marketplace and stakeholders are reviewing their options. With our sector expertise and national presence, we are experienced in all forms of leisure property, to advise on property strategy, maximising value for parties and concluding swifttransactions, through our extensive database of buyers and marketing reach.

We would welcome the opportunity to discuss the current market further with you and to advise on any cases that you require expert property advice on.

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