SRL Realisations Limited (01728953): administration
- Status
- Administration ended
- Administration began
- 2014-09-29
- Administrators
- Catherine Williamson, Alastair Paul Beveridge, Peter Mark Saville
- Administrators' firm
- Zolfo Cooper Corporate Finance
- Formerly
- Signature Restaurants Limited; Signature Restaurants PLC; Belgo Group PLC; Lonsdale Holdings PLC; Shield Group Plc(The); Tramhatch Limited
- Incorporated
- 1983-06-03
- Location
- Manchester
- Industry
- 70100 Activities of head offices
Why it went into administration
- Sustained trading losses
- Property / lease costs
From the administrators' statement
The Companies are subsidiary companies within the Tragus Group (the Group) The Group 1s one of the UK’s largest casual dining groups with over 250 sites across the UK The Group operated the Café Rouge, Bella Italia, Strada and Belgo branded restaurants SRL owned leases to the sites which operated the Strada and Belgo brand, whilst SSRL owned leases solely from which the Strada brand traded Subsidiary companies in the Group were responsible for the trading activities of both the Strada and Belgo brands
Zolfo Cooper LLP (ZC) was introduced to the Group by Apollo Management Internationat LLP (Apollo) in December 2013 This initial phase of ZC’s engagement involved reviewing the Group’s financial forecasts and developing a financial model for Apollo and valuing certain of the Group’s operating brands
On 5 March 2014, ZC was engaged by the Group to carry out a feasibility assessment of a Company Voluntary Arrangement (CVA) for the Bella Itaha, Café Rouge and Strada businesses. As part of this work, ZC was separately engaged by the Group on 2 May 2014 to develop a contingency plan for the Group should CVA’s not be implemented
Administrators' statement of proposals (2015-01-19) · Companies House register