# Casual Dining Restaurants Group Limited (05313454)

> Why UK company 05313454 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05313454

- **Status:** Administration ended
- **Administration began:** 2020-07-02
- **Administrators:** Catherine Williamson, Clare Kennedy
- **Administrators' firm:** AlixPartners
- **Formerly:** Tragus Group Holdings Limited; Stampgroove Limited
- **Incorporated:** 2004-12-15
- **Location:** Manchester
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

3.3 Following the UK Government’s response to the COVID-19 pandemic, on 21 March 2020 the Companies closed all restaurants to the public to comply with social distancing requirements and the Coronavirus Act 2020. .

3.4 Whilst some of the Companies’ restaurants continued to trade on a delivery-only basis, revenue generation was significantly reduced. Accordingly, CD Limited engaged AlixPartners UK LLP (AlixPartners) on 7 April 2020 to assist management initially with a review of its business plan and the development of restructuring options. Le

3.5 This work included AlixPartners assisting management to develop a base case 24month review plan, including but not limited to: the review of assumptions used by management in building forecasts; the implementation of additional scenario assumptions with a view to assessing any funding requirements; and conducting a site- by- -site review workshop based on a site categorisation exercise.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05313454/filing-history/MzI3NzA1MjE1M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05313454

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