Spanish Restaurant Group Limited (12572181): administration
- Status
- Administration ended
- Administration began
- 2023-04-05
- Administrators
- Avner Radomsky
- Administrators' firm
- RG Insolvency
- Incorporated
- 2020-04-24
- Location
- Borehamwood
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Rising costs / inflation
- COVID-19
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
From the administrators' statement
Spanish Restaurant Group Limited (the Company) was formed in April 2020 in order to create a holding company on behalf of the trading subsidiaries, which holds shareholding, investments and funding loans to support the business.
Directors, Ken Sanker, Douglas Smillie and Omar Allibhoy founded the initial trading name and subsidiaries in 2010 and all have significant experience managing and administering restaurant companies over the past 25 years.
James Picton joined in 2019, just prior to the Covid crisis, having worked in a number of leisure and hospitality roles in management and director capacities.
Administrators' statement of proposals (2023-04-20) · Companies House register