The company behind restaurant brands including Villagio, The Broadwick and Friendly Phil's has entered administration, seeing all its Medway branches permanently shut. KPMG has been appointed to oversee the administration of casual dining operator Dining Street Limited and its two subsidiaries, Richoux Limited and Newultra Limited. The decision affects the following locations in Medway:
It has been confirmed that all 147 staff members across the group have been made redundant. Will Wright, partner at KPMG and joint administrator, said: “The current plight of the UK’s hospitality sector cannot be underestimated.
"Despite the breadth of support packages available, the reality is that the latest lockdown measures have proven to be a hammer blow for many businesses which, like the Dining Street group of companies, continue to accrue creditor liabilities while seeing little to no revenues coming in. "We are also working with the Group’s employees as a matter of priority, to provide them with all the assistance they need in claiming monies owed from the Redundancy Payments Office." Between them, the companies operate 15 restaurants predominantly across London and the south of England under the brands Richoux, Zintino, Friendly Phil’s, Villagio and The Broadwick. All of the group’s sites had been closed for dine-in services since 20 December 2020 in line with the Government’s tier four COVID-19 restrictions, with a handful of sites continuing to provide takeaway and delivery services. However, with ongoing uncertainty around when restrictions will be lifted and with the companies continuing to accumulate costs, the pressure became such that the directors took the difficult decision to appoint administrators. Comments are closed.
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