# Individual Restaurant Company Limited (04026693)

> Why UK company 04026693 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04026693

- **Status:** Administration ended
- **Administration began:** 2020-11-25
- **Administrators:** Daniel James Mark Smith, Clare Boardman
- **Administrators' firm:** Deloitte
- **Formerly:** Individual Restaurant Company PLC; Bank Restaurant Group PLC; Aprilstar PLC
- **Incorporated:** 2000-06-29
- **Location:** Birmingham
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs

## From the administrators' statement

IRG Group suffered from a continued decline in performance over-recent years, with EBITDA falling from £7.0m in FY16 (y/e 31 March) to £3.4m in FY19

-and generated a loss before tax of £7.6m in FY19. In

the 4 months to July 2020, RBG generated an operating loss of £2.8m.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04026693/filing-history/MzI4NTg4MjE2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04026693

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.