Famously Proper has filed a notice of intention to appoint administrators but is confident it can secure the long-term future of the business, MCA understands.
The company, which owns burger chain Byron and fried chicken concept Mother Clucker, is looking to progress a transaction that it hopes will support the business in the long term.
In November, Famously Proper appointed Interpath Advisory to explore options to secure new investment for the future of the business.
The company acquired Byron from pre-pack administration in summer 2020 through private equity firm Calveton and acquired Mother Clucker in spring last year.
Byron currently operates 21 restaurants across the UK, while Mother Clucker provides a delivery service through the Byron estate.
Byron first restructured in 2018 through a CVA that resulted in the closure of 16 sites, following by the pre-pack deal in 2020 that resulted in 31 restaurants closing.
Interpath Advisory declined to comment.
