Embattled restaurant chain Byron Burger launched a company voluntary agreement (CVA), under which it would review leases on 20 of its stores.
The agreement required the approval of at least 75% of the group’s creditors, who voted on the plans later that month.
The business had struggled in previous months due to increased operating costs and trade had decreased at some locations.
When Covid-19 hit in 2020, Byron was forced to file a notice to appoint administrators, placing 1,200 jobs and 51 sites across the UK at risk. The chain axed 31 stores from its portfolio.