Caribbean restaurant chain Turtle Bay has confirmed which locations across the UK have been closed for good

A major restaurant chain in the UK has suddenly closed multiple sites and axed dozens of jobs in an effort to keep the business afloat in a blow to customers.

Caribbean restaurant chain Turtle Bay has shut four of its venues with immediate effect after creditors gave the green light to its Company Voluntary Agreement today.

The business has named each of the impacted locations, which have shut down with immediate effect, leaving 76 employees without jobs.

Known for its Caribbean cuisine and two-for-one cocktail deals, the chain cited "significant economic headwinds" as the driving force behind the restructuring.

With 49 restaurants still operating and a workforce exceeding 1,500 staff, the business pointed to escalating costs, declining consumer spending and shifting footfall patterns as key factors behind its difficulties.

Under the terms of the CVA, which enables struggling companies to repay debts while continuing to trade, the four sites were closed immediately upon approval by creditors Interpath.

Approximately 30 per cent of Turtle Bay's remaining restaurants face lease renegotiations with their landlords, with 15 sites currently in discussions over revised terms.

The remaining 29 venues are unaffected by the agreement and continue serving customers as usual. Earlier this year in April, the chain had already closed its Swansea branch after nearly a decade on the Welsh high street.

Ajith Jayawickrema, founder and chief executive of Turtle Bay, said: "Securing approval for our CVA proposals provides us with a stable platform for the long-term future of Turtle Bay as we protect the majority of jobs and sites, address challenges in the business, and continue investing in our restaurants."

He acknowledged the process had required tough choices but expressed optimism about what lies ahead.

Mr Jayawickrema added: "While we have had to make difficult decisions along the way, we believe that we now have a sustainable business at its core and can look forward with confidence."

Turtle Bay's struggles reflect broader pressures facing the hospitality industry, with recent research indicating that one in six businesses in the sector risk closing within the next twelve months.

Nearly a quarter of hospitality operators are now running at a loss, a sharp increase from 15 per cent just three months prior, while around five per cent of owners consider their businesses entirely unviable.

George Holmes, the managing director of Aurora Capital, criticised government policy, stating: "Adding billions in new wage costs overnight, without meaningful business rates reform or sector-specific relief, has pushed hundreds of viable firms over the edge."

Here is a full list of the Turtle Bay restaurants that have closed down as part of the CVA proceedings: