Casual Dining Bidco Limited (06022702): administration
- Status
- Administration ended
- Administration began
- 2020-07-02
- Administrators
- Catherine Williamson, Clare Kennedy
- Administrators' firm
- AlixPartners
- Formerly
- Tragus Bidco Limited; Montjeu Bidco Limited
- Incorporated
- 2006-12-07
- 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- Funding withdrawn / unable to refinance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.
Administrators' statement of proposals (2020-09-09) · Companies House register