Baker Tilly administrators of high profile eatery

Baker Tilly has been appointed administrators of one of Gordon Ramsay’s high profile success restaurants

Written by AccountancyAge.com

Two Baker Tilly accountants have been appointed joint administrators of high profile restaurant Momma Cherri's in Brighton, after its owner, Charita Jones, was unable to deal with mounting costs and debts of £200,000.

The soul food restaurant was one of TV chef Gordon Ramsay’s success restaurants in his Kitchen Nightmares show, transformed from a poorly run eatery to a popular soul food restaurant three years ago.

Thousands flocked to the restaurant as a result of the Ramsey-driven demand, and Jones expanded to a bigger restaurant and grew its staff from 10 to 30 but after being refused a loan from the bank, she took out smaller loans and remortgaging her house three times.

Jones told the Daily Mail she was the victim of her own success and that a higher turnover did not necessarily resolve any debt. ‘We have never been able to do it comfortably,’ she said.

Further reading:

Ringfencing amnesty would be a nightmare

Read story in the Daily Mail

Enjoyed this article? Help spread the word:

Comments

Reader comments for this story

White papers

Related jobs

Spotlight

Find a place in the sun with YP

May issue of Young Professional features a guide to living...

James Thompson, Ecosecurities CFO

Profile: James Thompson, CFO of Ecosecurities

James Thomspon couldn't have started his job at a worse...

Practice careers guide: big versus small

Is big really best or would working for a medium...

Find your next job

Find your next job
Salary Checker

Search white papers

Search white papers

Have your say

Has the credit crunch made you fear for your job?
Yes, my company says jobs will go
Maybe, if things get worse, I could be hit
No, business is quite stable

Job of the week

More finance jobs...

Your next job