Leon burning through £200k a week and could fold if hospitality lockdown drags on

By James McAllister

- Last updated on GMT

Leon burning through £200k a week and could fold if hospitality lockdown drags on

Related tags: Leon, lockdown, Coronavirus

Leon CEO John Vincent has revealed that the healthy fast food chain is losing £200,000 a week and could fold if lockdown restrictions on the hospitality sector drag on.

Speaking on BBC Radio 4’sToday​ programme over the weekend, Vincent warned that a longer lockdown 'will cost lives'.

Ahead of the Prime Minister's plan to unveil his roadmap out of lockdown​ later today (22 February), Vincent said that businesses on the brink of collapse because of the pandemic need a lifeline, adding that it was 'quite possible' Leon could fold 'if weeks and months drag on'.

He said: “What concerns me is the voices I’ve heard in the past few weeks, which is ‘what does it matter if lockdowns go on a few months or few weeks longer than necessary?’

“I tell you, it matters hugely. I tell you therefore, how can we be making this decision about the impact on the young, today and on their futures?

“How can we be making these decisions about the future economic destruction which is costing lives?

“When we lose our economy we lose lives.”

He estimated that his firm is losing an extra £800,000 a week with £200,000 of cash 'going out the bank'.

Vincent added: “So that’s money that isn’t going into the economy, it’s not going into the wallets of people that work at Leon, and it’s not going to pay the taxes that we need to pay.

“About 235 businesses a week are going under. It’s not being reported, it’s not being understood.

“We served one million meals as leading feed NHS, a million meals to frontline ITU teams.

“If we don’t exist, which is quite plausible if the weeks and months drag on, we can’t even do the basics of what we did to feed a million meals to frontline teams.

“Businesses are at the heart of a functioning, healthy society.”

Related topics: Business & Legislation

Related news

Show more

Spotlight

Follow us

Hospitality Guides

View more

Featured Suppliers

All suppliers

Free Email Newsletters

Subscribe to BigHospitality & Restaurant

From fine dining to street food, choose the newsletter that suits you and get the latest news & analysis straight to your inbox!