Richoux Limited (01454511): administration
- Status
- Administration ended
- Administration began
- 2021-01-20
- Administrators
- William James Wright, Christopher Robert Pole
- Administrators' firm
- Interpath Advisory
- Formerly
- Restaurants International Limited; Coranbar Limited
- Incorporated
- 1979-10-16
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- COVID-19
- Property / lease costs
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated on 16 October 1979 and began trading under the name of Restaurants International Limited. The Company changed its name in 1995 and has since traded as Richoux Limited. The Company is a wholly owned subsidiary of Dining Street, previously known as Richoux Group Plc, an entity formerly listed on the AIM market.
The Group operated 15 restaurants across London and the South East, under The Broadwick, Richoux, Friendly Phil’s, Villagio and Zintino brands, from its headquarters in Tilehurst, Reading.
The Company was a key trading entity, operating two restaurants under the Richoux brand in central London, situated at Mayfair and Piccadilly, employing a total of 32 restaurant staff.
Administrators' statement of proposals (2021-03-26) · Companies House register