Tag Archives: administration

‘At least two or three more restaurant groups will collapse before the year is up’

At least two or three more restaurant groups will collapse before the curtain falls on 2018, specialist business property adviser Christie & Co has predicted. The first half has been punctuated by high-profile operators using Company Voluntary Arrangements (CVAs) as a means to manage underperforming sites. Groups such as Jamie’s Italian, Prezzo, Byron and Carluccio’s

London-based restaurant Villandry plunges into administration  

Villandry, which had restaurants in St James’ and Great Portland Street, has closed its doors following financial trouble. Villandry made the announcement via its website’s homepage, which reads ‘Sadly, we are now closed’. It also put out a short statement on the site which states: “Martha Thompson and Sarah Rayment of BDO LLP were appointed

Casual dining operators fight to inherit best sites left by axed Cau chain

Rival casual dining chains are competing for sites vacated by collapsed steakhouse Cau, the property agent responsible for offloading the sites has indicated. Cau was axed last week in a bid by administrators Deloitte to increase the chances of finding a buyer for sister brand Gaucho after the Gaucho Group revealed it could no longer

Administrators for collapsed restaurant chain bid to maximise recoveries for creditors

Administrators have put Mediterranean restaurant group Hummus Brothers up for sale after it was forced to stop trading due to its financial position. Restructuring firm Resolve has been appointed to handle the sale and has instructed specialist property agents to market the leases of the restaurants that the group operated. Resolve’s Ben Woodthorpe, who is

Contractors waste no time stripping axed London restaurant after administration

Contractors were expected to continue stripping out the Albion cafe and restaurant in London’s Clerkenwell this morning after parent group Prescott & Conran fell into administration this week. News of the company’s financial woes came to light on Wednesday, with the company blaming “a period of sustained change off the back of changing consumer demand”

Administrators take over at venture established by former directors of Conran Restaurants

Administrators have taken over at Prescott and Conran Limited and selected operating subsidiaries, it was confirmed this afternoon. Prescott and Conran was founded by Peter Prescott and Sir Terence and Lady Conran in 2006, who had worked together many years at Conran Restaurants. They set up the joint venture with a focus on a smaller and