Dining Street Limited (03517191): administration
- Status
- Administration ended
- Administration began
- 2021-01-20
- Administrators
- William James Wright, Christopher Robert Pole
- Administrators' firm
- Interpath Advisory
- Formerly
- Richoux Group Limited; Richoux Group PLC; Gourmet Holdings PLC; City Gourmets Holdings PLC; Winsector Public Limited Company
- Incorporated
- 1998-02-25
- 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- Funding withdrawn / unable to refinance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 25 February 1998 and began trading under the name of City Gourmets Holdings Plc. In July 2008 the Company changed its name and has since traded as Richoux Group Plc. Over the years, the Company was formerly listed on the AIM market. On 12 March 2019, the Company was formally delisted as the Directors concluded that material investment from a third party was unlikely to be achieved, and the considerable costs associated with trading on the AIM were disproportionate to the benefits to the Company.
The Company and its subsidiaries (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 acted as the management company for the Group and employed 9 members of office staff and management at its head office.
Administrators' statement of proposals (2021-03-26) · Companies House register