Luxury Thai restaurants enter administration
Top Thai restaurants hit debt wall and call in administrators
A London-based luxury Thai restaurant chain has entered into administration
due to debt problems.
The restaurants turnover about £600,000 a year each, and administrators hope
to sell them as going concerns.
‘It would appear that the business has hit financial difficulties due to
over-gearing but we’re hopeful that a buyer, perhaps someone already looking to
expand in the restaurant sector, can be found. No jobs will be affected whilst
we continue to trade the business,’ said joint administrator Andrew Stoneman.