UK-based premium food delivery platform Supper London has officially ceased all operations, Restaurantonline.co.uk has reported.
The company, mainly known for its specialised delivery fleet and direct employment of drivers, was dissolved following liquidation earlier in 2024.
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The move follows a tumultuous period in which the company spent the entirety of the previous year under administration. This was despite a significant increase in turnover during the Covid-19 pandemic.
According to documents from the administration cited by Restaurantonline.co.uk, Supper London was “consistently profitable,” with the pandemic contributing to a tenfold increase in turnover.
This growth led to a £2.4m ($3.03m) equity and debt fundraising from investment firm Growthdeck in late 2021.
Growthdeck stated that the investment would “help [the company] continue on its current trajectory”.
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By GlobalDataBut the easing of lockdown restrictions then brought “financial difficulties” to the fore.
Launched in 2014 by former fixed-income trader Panayiotis Georgiou, Supper London aimed to deliver food in good condition using custom-made and stabilised vehicles to facilitate delivery operations.
The company’s approach to directly employing drivers was a departure from the typical “gig economy” delivery model, and ensured a consistent standard of service by training its staff.
Supper London’s major clients included Mr Chow, Aquavit and Nobu, along with luxury retailers such as Hedonism Wines, Fortnum & Mason and Harrods.
At its peak, the restaurant delivery platform employed 30 people and managed a fleet of 150 drivers.
Supper London was put up for sale in late 2022 after an administrator was appointed.
It attracted four expressions of interest and was eventually acquired by Wimpole 101, an unconnected third-party company, for £1m.
Before its dissolution, secured creditor Daedalus Partners was owed £1m, with an additional £150,000 having been injected into the company in late 2022.
This funding was described as crucial to “meet essential payroll and supplier costs” and to prevent the sale of the business from being “jeopardised.”
