LEON has closed 22 sites amidst a major restructuring effort.
Seven sites were closed before joint administrators from Quantuma Advisory were appointed, as they were loss-making and draining cash, with little prospect of recovery.
After the appointment, administrators decided to close a further 15 sites. The company now operates 21 locations and employs 573 staff.
EG Group acquired LEON in April 2021 as part of a push into non-fuel food retail and planned to expand the chain.
A company voluntary arrangement (CVA) was completed in February 2023, but losses continued, reaching £12.5m in 2023 and about £8.3m in 2024.
Co-founder John Vincent bought the business back on 31st of October 2025 and returned as a director to stabilise the company and refocus the brand.
A review by Quantuma Advisory found ongoing heavy trading losses, estimated at £7m to £10m before the administration process, depending on accounting treatment.
