The Revel Collective, the Greater Manchester firm formerly called Revolution Bars Group, said on Friday it will conduct a strategic review of all of its options, including a formal sales process “with a view to deliver the greatest financial return to all stakeholders.”

The firm said the move follows “a continued period of external challenges which have impacted the company’s business and trading performance.”

The Revel Collective trades mainly under the Revolution, Revolucion de Cuba and Peach Pubs brands.

“Since the Restructuring Plan in respect of Revolution Bars Limited was sanctioned in August 2024, the persistence of challenging economic conditions and the cumulative impact of Government interventions in the last Budget have combined to thwart the business’ ability to improve performance,” said the firm.

“Action taken to reduce costs and increase margins has not been sufficient to mitigate the negative impact of the Autumn Budget changes to the employer NICs threshold, minimum wage and duty on spirits which came into effect from April and February of this year and which are calculated to cost the Group in excess of £4.0m p.a.

“In the Pre-Close Statement relating to the year ended 28 June 2025 issued on 29 July 2025, the Company stated that cash and debt management remained a critical focus, but that the Group was looking forward to FY26 with a degree of optimism as business initiatives showed signs of improvement. 

“However, since that date, Group revenue has been lower than anticipated as consumer sentiment has remained fragile, which has been particularly evident within the Group’s younger customer base who continue to be some of the hardest hit by the cost-of-living crisis.

“These factors have been compounded by the warm weather having adversely affected the Group’s high street bar business over the Summer. 

“Consequently, despite a satisfactory performance from Peach Pubs, overall Group Revenue for Q1 FY26 was £26.3m, down 7.4% like for like compared to Q1 of FY25, primarily due to a 10.5% reduction in like-for-like sales in the Group’s bar business.

“Net debt at 30 September 2025 was £25.3m (30 June 2025:  £22.1m).

“The Group still expects significant sales and profit from the key festive trading period but given the traditionally quieter months for the sector in January and February, the forecasts indicate that, in order to remain within its banking limits, the Company would require additional funding at some point in the new calendar year.”