Revolution bars group The Revel Collective has announced plans to appoint administrators, but said talks over a possible sale were “well advanced”. The group – which also runs venues under the Revolucion de Cuba and Peach Pubs brands – said it had filed a notice to appoint administrators “to protect creditors”.

But it said it was in ongoing discussions over a potential sale, adding it expects to make a further announcement “in the coming days”. The firm said: “Since the transactions being contemplated are not expected to deliver any return to shareholders, the board has resolved to take action to protect creditors. 

“Unless circumstances change, and in accordance with statutory requirements, the board intends to appoint administrators within 10 business days.”

“The business will continue to trade and the company will continue to work alongside advisers in order to preserve as much value as possible for all stakeholders as it advances a potential sale of all or parts of the business,” the group added.

Data show 149 UK companies filed for administration in the last month of 2025, spanning retailers, manufacturers and regional employers. Figures from Companies House showed that the number of solvent businesses entering liquidation surged during the 2024-2025 tax year. 

Multiple big-name firms also came close to administration before being bought out. Claire’s, Hobbycraft and WHSmith were all bought by Modella Capital and Poundland narrowly avoided collapsing after a turnaround plan was approved days before its coffers ran dry.