REVOLUTION Bars – which has a venue in Bournemouth’s Old Christchurch Road – has said it could shut sites as part of a radical restructuring to stave off collapse,

The company told shareholders it was assessing restructuring options after challenging conditions were “exacerbated” by the latest measures introduced by the government to fight the pandemic.

Bar operators are expected to be hard hit by the 10pm curfew on hospitality venues unveiled by the prime minister on Monday.

Revolution, which also operates the Revolucion de Cuba brand, said it was s evaluating the potential impact of the restrictions “before deciding what the next steps should be”.

The chain, which operates 74 bars, said one option being considered a company voluntary arrangement (CVA) to reduce debts.

High street chains such as Pizza Express have used the same insolvency tool during the pandemic to secure restructuring deals with major site closures.

Revolution furloughed 2,775 people at the height of lockdown after it was forced to shut all its bars.

The company has reopened 62 of its bar sites across the UK.

In a statement to the London Stock Exchange, the company said: “Revolution has a strong balance sheet following the £15million equity fundraising and the extension of its banking facilities announced in June but the board believes that the long-term nature and potential impact of the latest operating restrictions means that it must consider all necessary options to ensure that its business remains viable.”