The UK arm of Quiznos, the US-based franchise sandwich chain, has been dissolved. West Sussex-based Quiznos Corporation UK Ltd operated 29 sites in the UK in 2008 but this had fallen to 11 by the middle of last year. It is thought that only a few UK franchise outlets remain, supplied directly from the USA. It had been hoped that a new master franchisee for the UK would be appointed after a notice filled at Companies House in July, said the company would dissolve "unless cause is shown to the contrary". However, this appears not to have happened. Earlier this year, its US parent company hired advisers to help restructure finances and negotiate with creditors over its $850m (£532.2m) debt, which it is thought to be close to defaulting on. In the US, the Denver-based chain has closed 1,500 outlets in the last four years.

Topics