Las Iguanas Restaurant Chain Avoids Administration with Restructuring Plan
Las Iguanas saved from administration after fears for their 44 sites

Image: Dailystar Co Uk
Las Iguanas, a UK restaurant chain with 44 locations, has avoided administration after a High Court approved a restructuring plan. The plan includes a £3 million investment from parent company The Big Table Group and debt relief of approximately £37 million, addressing the chain's financial struggles amid challenging market conditions.
- 01Iguanas Holdings Limited operates 44 Las Iguanas restaurants in the UK.
- 02The company was facing significant financial losses, reporting nearly £10 million lost in the 2025 financial year.
- 03The restructuring plan received approval from the majority of creditors and includes a £3 million investment from The Big Table Group.
- 04The plan will eliminate around £37 million in debts owed to creditors and impose rent reductions on landlords.
- 05The casual dining sector in the UK has been impacted by high inflation and reduced consumer spending.
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Las Iguanas, a prominent UK restaurant chain, has narrowly avoided administration after a High Court judge approved a restructuring plan aimed at stabilizing its 44 locations. The company, which has been struggling with significant financial losses, reported nearly £10 million lost in the 2025 financial year. The approved plan will see Iguanas Holdings Limited receive a £3 million cash injection from its parent company, The Big Table Group, which also owns other restaurant brands. Additionally, the plan will wipe out approximately £37 million in debts owed to creditors, while also imposing rent reductions on landlords. Despite some creditor opposition, none contested the plan in court, and it was noted that similar restructuring strategies have been employed by other high-street chains facing economic challenges. The casual dining sector has been particularly hard-hit by rising inflation and decreased consumer spending, making the future of Las Iguanas uncertain but hopeful as it embarks on this turnaround strategy.
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The restructuring plan aims to preserve jobs and maintain the operations of Las Iguanas restaurants across the UK.
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