Park Chinois sold out of administration

Deal saves 75 jobs at luxury Mayfair restaurant

More than 70 jobs have been saved following the sale of the business and assets of Park Chinois, a high-profile Chinese restaurant in Mayfair, London.

Ian Corfield and Phil Armstrong, Partners in our Restructuring Advisory team, were appointed as Joint Administrators of Park Chinois Limited (‘the Company’) on 22nd July 2025.

The Company operated the Park Chinois restaurant and entertainment venue in Mayfair, London – a well-established luxury dining destination offering high-end Chinese cuisine and live performances.

The business had experienced significant trading disruption during the pandemic, with performance further impacted by rising labour and operating costs, as well as strong competition in the local market. Despite efforts to stabilise trading, the Company continued to face financial challenges.

In light of these ongoing pressures and uncertainty around securing new investment, the directors took the decision to place the Company into administration.

The Joint Administrators commenced a sale process prior to the administration, which concluded with a transaction upon appointment that transferred the business and assets to related entities Le Soleil Enterprises Limited and Izamaiyah Limited.

The Joint Administrators were supported by Alex Patey, Director in our Corporate Finance team, who has specialist experience and expertise across the leisure and hospitality sector.

The business continues to operate from its existing Mayfair premises under a new corporate structure, with all employees transferring to the purchaser as part of the sale.

Ian Corfield, Joint Administrator of Park Chinois and Restructuring Advisory Partner at FRP, said: “Park Chinois is a distinctive and established name in London’s fine dining scene. While trading conditions have been extremely challenging, this transaction secures the future of the business, preserves employment, and provides continuity for its team and customers.”