Casual Dining London Limited (05823072): administration
- Status
- Administration ended
- Administration began
- 2020-07-02
- Administrators
- Catherine Williamson, Clare Kennedy, Daniel Imison, Peter Mark Saville
- Administrators' firm
- AlixPartners
- Formerly
- Tragus Limited
- Incorporated
- 2006-05-19
- Location
- Manchester
- Industry
- 64209 Activities of other holding companies n.e.c.
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- Funding withdrawn / unable to refinance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. . .
3.5 This work included AlixPartners assisting management to develop a base case 24-
Administrators' statement of proposals (2020-09-09) · Companies House register