Popular all you can eat Chinese restaurant Kungfu Buffet in Fareham goes bust

A court has ordered that Kungfu Buffet in West Street be wound up.

The restaurant closed at the start of lockdown and its last Facebook page post looked promising.

The post, on March 19, said: ‘We are sad to announce we have now closed until further notice. We will keep you updated.’

However, records on Companies House show the business has run into trouble, with the county court in Portsmouth issuing an order for the business to be wound up on July 7.

Kungfu Buffet took over the former JJB unit in the town centre in March 2016.

The company also had another restaurant at the Swan Centre in Eastleigh, however this closed last year.

The business has not responded to requests from The News.

It comes as figures have shown a huge surge in the number of businesses filing for insolvency compared to last year, with many firms kept afloat by government funding fear they will go insolvent coming out of lockdown.

Analysis conducted by the BBC’s Shared Data Unit shows around 5,000 companies have filed for insolvency since March, down compared with 6,500 last year, as government funding meant they went into effective hibernation.

In Portsmouth, 13 businesses filed for insolvency during lockdown between March 24 and June 30 compared to just six last year.

In Fareham seven did, compared to three last year, in Gosport two did compared to one, and in Havant eight did compared to just one last year.

SEE MORE: Hungry diners in Portsmouth, Fareham and Gosport enjoy half price grub thanks to Eat Out To Help Out Scheme

A message from the Editor, Mark Waldron

Thank you for reading this story. The dramatic events of 2020 are having a major impact on our advertisers and thus our revenues.

The News is more reliant than ever on you taking out a digital subscription to support our journalism. You can subscribe here for unlimited access to Portsmouth news and information online.

Every subscription helps us continue providing trusted, local journalism and campaign on your behalf for our city.