Business & Technology
All Las Iguanas restaurants at risk amid financial difficulties
Iguanas Holdings Limited, which runs 47 Las Iguanas restaurants across the country, has “fallen into financial difficulties”, the company’s lawyers told the High Court on Wednesday (May 6).
They explained the casual dining sector in the UK had suffered “substantial problems” in recent years.
Despite Iguanas Holdings and parent company Big Table doing “their best to meet these problems”, trading conditions remain “very challenging”.
Iguanas Holdings’ barrister, Ryan Perkins, said these challenging conditions led to the company losing nearly £10 million in the 2025 financial year.
The company has only been able to continue trading due to support from Big Table, Mr Perkins added.
Now, if a restructuring plan isn’t approved, the company will have “no funding to continue trading” and could fall into administration.
This would force the closure of all 47 Las Iguanas restaurants across the UK.
Full list of Las Iguanas stores at risk of closing
The full list of Las Iguanas stores at risk of closing is:
Iguanas Holdings’ proposed “turnaround strategy”
A ‘convening hearing’ took place in London on Wednesday, with Mr Perkins requesting permission to hold meetings with creditors to vote on a restructuring plan for Iguanas Holdings.
In written submissions, the barrister said the proposed scheme will wipe out debts of around £37 million owed to one of its creditors, and will see Big Table inject £3 million into the company as part of a “turnaround strategy”.
The company will also request a reduction in rent at some locations, and a “compromise” on some debts owed to landlords.
If this restructuring plan was not approved, Mr Perkins said Iguanas Holdings would have “no choice” but to enter administration.
In a ruling, Mr Justice Hildyard said he was “content to approve what is proposed” and allowed the company to take the plan to creditors at meetings scheduled for May 28.
If they vote in favour of the scheme, the plan is due to return to the High Court officially approved by a judge at a ‘sanction hearing’ scheduled for June 5.
Other UK companies that have closed or entered administration/liquidation in 2026 (so far)
It has been a rough start to 2026 for the UK high street, with several other retailers entering administration and others announcing widespread store closures.
Major high street retailers LK Bennett and Claire’s both closed all their stores in April, having previously fallen into administration.
Other retailers have been forced to close stores this year, including:
Several other companies have fallen into administration, including:
Meanwhile, four UK travel companies have closed in 2026:
Luxury UK holiday company Salamander Voyages also shut down recently after entering administration.
EcoJet Airlines, billed as “the world’s first Electric Airline”, entered liquidation earlier this year after just three years, resulting in the cancellation of all planned flights.
What has a nose, wings and runs off of hydrogen? Ecojet 😎 pic.twitter.com/y8QGiBdFe2
— ecotricity (@ecotricity) July 17, 2023
UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.
It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.
It’s not been all bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.
Is there a Las Iguanas restaurant near you at risk? Let us know in the comments below.
Business & Technology
Tesco teams take on set for 13‑mile Cancer Research UK walk
Teams across Oxfordshire will take part in a 13-mile sponsored walk to raise funds for Cancer Research UK, building on the success of last year’s event.
Store teams from across Central England and South Wales will walk 10 designated routes as part of a wider company-backed campaign.
Nicola McGuinness, Tesco South Wales store director, said: “The scale of support for this year’s walk has been fantastic.
“Our Community Champions and store teams have put a huge amount of work into organising fundraising activity, bringing colleagues together and helping create real momentum across the region.
“It is a strong reflection of the dedication our teams show to supporting good causes in the communities they serve.”
Store teams and community champions will also run in-store and local fundraising activities leading up to the walk to raise awareness and boost donations.
A total of 800 Tesco colleagues across 21 regions are expected to take part in the walk, which will take place on July 1.
The goal is to raise more than £300,000 for Cancer Research UK, helping it continue to advance research that is improving the understanding, diagnosis and treatment of cancer.
Supporters can donate and learn more by visiting their nearest Tesco store.
Business & Technology
Bicester Motion wins Oxfordshire Business of the Year
The title is awarded to ‘the business most able to demonstrate all-round achievement, a clear vision for the future, success against objectives and sustained growth’.
Bicester Motion, which was also a finalist in the Large Business Award category, became the 30th recipient of the event’s most prestigious award.
The company is based on a former RAF Bomber Training Station.
Since its founding in 2013, Bicester Motion has been based at a 444-acre site of national historic importance.
Under its stewardship, 99 per cent of the site’s buildings have been reactivated or restored for modern use.
A spokesman for Bicester Motion said: “A sustainable mobility future is the key to unlocking future human progress and it imagines a world where we can all move without impact – at a time when mobility will make or break our planet.”
Further recognition may be on the horizon, with Bicester Motion shortlisted for seven awards across several upcoming ceremonies, including the Commercial Property Awards, Construction News Awards, Constructing Excellence London & South East Awards, and the RTPI South East Planning Awards.
The company describes itself as ‘a vibrant and dedicated centre of excellence, where mobility businesses can thrive,’ and aims to ‘build the world’s leading mobility community’.
Business & Technology
Milton Park’s first plant-based cafe opens at Signal Yard
Planted Plates, founded by Didcot entrepreneur Henna Afzal, began as a food truck at the park’s street food pop-up event, Milton Feast, in 2021.
After five years of steady growth, the business has moved from its first bricks-and-mortar site on Eastern Avenue to a larger unit at Signal Yard, marking a return to its roots within the Milton Park community.
Ms Afzal said: “When I started Planted Plates, I simply wanted to create food that people genuinely looked forward to eating. For me, it’s always been about flavour first.
“You don’t have to be vegan to enjoy great food, and we’ve been incredibly lucky to build such a supportive community of customers over the last few years.
“Milton Park has been part of our journey from the beginning.”
Planted Plates offers a daily-changing menu of plant-based breakfasts, lunches, pastries, and barista coffee.
The new space includes a larger seating area designed to encourage people to meet, work, and socialise throughout the day.
Ms Afzal added: “Starting at Milton Feast gave us the opportunity to test ideas, build a following and grow the business.
“Opening at Signal Yard feels like a full-circle moment and we’re excited to welcome both familiar faces and new customers through the door.
“I am incredibly proud of how far the business has come.
“This move gives us the opportunity to expand our offer, grow the team and continue building something that people genuinely enjoy being part of.”
The cafe also provides vegan catering services to businesses across Milton Park, using a zero-CO2 delivery vehicle.
Ms Afzal’s brother, Jack, has now joined the team as the company looks to recruit further staff.
The opening of Planted Plates is part of Milton Park’s £14m investment in Signal Yard, which aims to create a new social and retail destination for the park’s 280+ companies and the wider community.
Clare Fleet, asset manager of Milton Park at Federated Hermes Real Estate, said: “One of the ambitions for Signal Yard has always been to support independent businesses and create a destination that brings people together.
“Planted Plates perfectly captures that vision.
“Henna has built a fantastic business at Milton Park over the last five years and we’re delighted to see her become the first food and beverage operator to open at Signal Yard.”
Signal Yard is bringing together a mix of independent retailers, food and beverage operators, and health and wellbeing services in a central location at Milton Park.
Planted Plates has also been shortlisted in the Ox in a Box Awards, which celebrate Oxfordshire’s favourite independent food and drink businesses.
Public voting is open via the Ox in a Box website until 20 June 2026.
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