Restaurant chain Tootsies has entered into administration, with BDO partners
appointed to the ailing business.
Shay Bannon and Antony Nygate of
were appointed joint administrators, with 11 restaurants sold in a pre-pack deal
to Giraffe Concepts, protecting 278 jobs.
However 202 jobs were lost when the remaining ten outlets were closed. BDO is
looking for buyers for these leases.
Bannon said: “It is unfortunate that due to the economic climate and
difficult trading conditions that a significant number of restaurants were loss
making, which threatened the viability of the whole group. We’re pleased to have
safeguarded the future of 11 restaurants and 278 jobs.”
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children