Steakhouse chain to shut ALL its restaurants: A chain of restaurants is going to permanently close both of its locations in the UK after going into administration. Lamb, game, and other meat dishes are served at the Steak of the Art along with steak and seafood. It is an article gallery and steakhouse concept operated by Groupco Ltd.
Although the company has long attracted hungry gamblers with its branches in Bristol and Cardiff, it has recently encountered difficulties.
Additionally, on April 9, 2025, Groupco, doing business as Steak of the Art, names Rob Coad and Sam Talby of Undebt as joint administrators, per records submitted to Companies House.
According to the most recent filing, as of March 31 of last year, the company owed creditors £410,347. As a result, the recently closed Cardiff location will not be reopening, and it is anticipated that the Bristol location will also close permanently.
The company was founded over ten years ago by former management consultant Stephen Bowen. The Moulin Rouge-inspired private dining option is part of the “original, fun, and entertaining” experience that Steak of the Art claims to provide.
The room is free to use and can accommodate up to 20 people. It also claims to provide live music and events, such as film nights and fashion fundraisers, and has a separate gallery that features artwork by regional and UK artists.
TripAdvisor gives the Bristol restaurant a 4.2 out of 5 rating; the most recent review was posted on April 5. Social media has been used by frequent visitors to vent their sorrow at the anticipated closure.
During that time, the company’s average monthly workforce, including directors, was 38. It’s unclear if the administration will put any jobs at jeopardy or if the business will be sold. Undebt and Steak of the Art Bristol have been contacted by Business Live for comment.
The steakhouse announced: “We regret to announce that Rio Brazilian Steakhouse York has now closed.
“We sincerely apologise for any inconvenience this may cause.”
Recently, food and beverage franchises have been having trouble since customers are spending less on eating out due to rising living expenses.
After battling to recover from the pandemic, businesses were confronted with rising energy costs and inflation.
Due to the impact on numerous chains, well-known companies like Wetherspoons and Frankie & Benny’s have had to close their locations.
While other chains have failed, Byron Burger went into administration last year, causing its owners to claim that more than 200 jobs will be lost.
The massive pizza chain Papa John’s is about to close forty-three of its locations. As part of significant restructuring plans, Tasty, the owner of Wildwood, states that it will close locations.
