Frost Burgers opened in 2018 by Monami Frost and operated sites in Manchester and Liverpool, both of which have now closed, with Paul Stanley and Jason Greenhalgh of Begbies Traynor appointed as joint administrators of business earlier this month.
The company cited the rising costs associated with running a business as a reason for the closure.
In an Instagram post at the end of August it said: "We recently announced our Manchester location would be closing, after careful consideration of further revelations we’ve made the decision to close our Liverpool branch and say goodbye to Frost Burgers.
"We initially thought that despite the insane rise in costs, VAT etc, closing Manchester would help us to keep Frost Burgers alive; but unfortunately it became apparent very quickly that wouldn’t be the case. We considered all options, and no matter how we might try change things up sadly, as a business we are beyond recovery and it would be irresponsible of us to attempt to ride it out any further.
"Frost Burgers started as a dream, and that’s just what it’s been to share our food with you all. Spreading the plant based message and showing you can still enjoy foods you know and love has always been what Frost Burgers has been about, and we’ve been blessed to have been part of the amazing vegan community in Liverpool…”
Paul Stanley, north west regional managing partner at Begbies Traynor, says: “Despite gaining an excellent reputation, Frost Burgers has become just one of the many businesses within the hospitality sector that have experienced financial distress. Restaurants in particular, are struggling to afford raw ingredients and many are struggling with their energy bills.
“The hospitality sector is also taking a huge hit from labour shortages as well as debts accrued over lockdowns, including bounce back loans. It is likely that more restaurants will find themselves in a similar position as we progress towards the end of 2022.”