The number of restaurants in the UK grew by a 0.6% in 2017, as signs of saturation began to show ahead of 2018’s casual-dining crisis according to an article in The Caterer Magazine who go on to add that the total number of licensed premises fell by 0.3% during the year, a net closure of one a day. Their survey was carried out by CGA and AlixPartners
Additionally, the figures do not take into account the closures seen in early 2018, when companies including Prezzo, Jamie’s Italian and Byron announced plans to reduce their portfolios and sought Company Voluntary Agreements.
The report’s authors noted signs of market saturation in areas including Solihull, which saw a 12.6% increase in licensed premises between 2012 and 2017, Milton Keynes, which saw a 11.5% rise, and Chelmsford, which had a 5.2% rise. Both Milton Keynes and Chelmsford saw closures earlier this year as chains off-loaded less profitable or loss-making sites.
The full article can be viewed online here