The Venetian-style small plates restaurant group, which was launched on Soho’s Beak Street by Russell Norman and Richard Beatty in 2009, has filed a notice of administration, according to the Times.
The group currently operates restaurants in Soho, the home of its first venue, and in Chelsea.
Last year, Polpo underwent a company voluntary agreement (CVA) that saw it exit two loss-making venues, which Beatty said would allow the group to avoid entering into administration or liquidation.
At the time, it put its Polpetto restaurant in Soho up for sale as well as a Polpo in Notting Hill, and has since placed two more of its London restaurants, in Farringdon and Covent Garden, on the market.
The group’s remaining regional restaurant in Brighton has also closed, following closures of Leeds in 2016, Exeter in 2018 and Bristol in 2019.
Last month, co-founder Russell Norman stepped down from his role of director from the group. Writing on Instagram about the reasons for the resignation, he said he would “happily talk about when the time is right. Or maybe when the time is wrong. Or maybe not at all”.
Last year the group celebrated its 10th anniversary.