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Las Iguanas could close all UK restaurants amid £37m debt

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The major UK restaurant chain operates 44 sites across the UK, but has none in Oxfordshire after Oxford’s Park End Street eatery closed back in June 2017.

Las Iguanas, owned by Iguanas Holdings Ltd, a subsidiary of Big Table Group, has confirmed that it has submitted an application to the Court to launch a restructuring plan of Iguanas Holdings Ltd.

This is amid the company “drowning” in debts of £37,000,000, according to a report in The Sun today (Wednesday, May 6).

A statement from the group said: “Over the past few years, the UK’s wet‑led, casual dining sector has faced well‑documented challenges, including reduced alcohol spend, lower consumer confidence, and younger guests shifting their eating‑out choices.

READ MORE: Four Oxfordshire restaurants at risk of permanent closure with jobs at risk

“These pressures have been compounded by government policies that have had a severe impact on the hospitality industry.

“This has been reflected across the market, with several operators reporting significant financial challenges in recent months.

“Las Iguanas have been working with advisors (Teneo) to explore the full range of strategic options for the brand.

“This review concluded that a targeted restructuring plan represented the most suitable route to securing the future of the brand.

“The restructuring plan is a legal process which, if approved, allows for rent reductions across relevant sites for a three-year period.”

READ MORE: Two major UK restaurant chains set to close with 3,800 jobs lost

It is noted that The Big Table Group is the dining brand behind several other high street names, including Frankie & Benny’s, Bella Italia, and Banana Tree.

Although there are no Las Iguanas in Oxfordshire, several of these other brands can be found in the county.

There is a Frankie & Benny’s and a Banana Tree in Oxford, while Bella Italia can be found in the city as well as in Witney.

With this in mind, this newspaper contacted The Big Table Group to enquire whether these brands are also in danger of closing.

A statement from the firm said: “The restructuring plan relates solely to Iguanas Holdings Ltd, the legal entity that carries the Las Iguanas brand’s property leases and related costs.

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“It does not include The Big Table Group business, nor its suppliers, its employees or any of the group’s other brands.”

Chief executive Alan Morgan echoed this with his recent statement, which said: “Las Iguanas has been part of the UK’s hospitality landscape for more than 30 years.

“This plan is about reinforcing the brand’s long-term sustainability in a part of the market that has been, and continues to be, impacted by negative market trends and incredibly poor government decisions.

“This process does not include any other part of The Big Table Group business.

“All Las Iguanas restaurants continue to operate as normal, and I thank the teams for their continued hard work and dedication.”





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Tesco teams take on set for 13‑mile Cancer Research UK walk

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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.





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Bicester Motion wins Oxfordshire Business of the Year

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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’.





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Milton Park’s first plant-based cafe opens at Signal Yard

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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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