Riverside Restaurants Limited (06002800): administration
- Status
- Administration ended
- Administration began
- 2012-02-06
- Administrators' firm
- Begbies Traynor
- Formerly
- Whitty Limited
- Incorporated
- 2006-11-20
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Weak consumer demand
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company and Jessops Restaurants Limited (in administration) (“Jessops”) operated licensed and unlicensed restaurant premises and various franchised restaurants PT Specialist Retailing Limited (in administration) (“PTSR’) is a holding company and operated a head office function, providing supervisory and administrative functions to its wholly owned subsidiaries, the Company and Jessops
The Company, Jessops and PTSR shall also be referred to as “the Group” hereon, in this report The Group Operated a number of catenng brands from 162 leasehold locations across the United Kingdom The Group employed approximately 2,000 employees
The reasons for the Company’s insolvency
Administrators' statement of proposals (2012-02-29) · Companies House register