Tomlinson runs AIM-listed Urban Dining together with the former operations manager at Pizza Express John Metcalf. Tootsies is Urban Dining’s first acquisition since its flotation on AIM in May.
The nine-strong Tootsies chain will continue to be run by Andrew Bonnell, who is believed to have made £1.2m from the sale.
The Daily Telegraph reports that Bonnell will use half of his money to invest Urban Dining shares, and will also gain a seat on the board. Urban Dining wants to expand the Tootsies to a 100-strong restaurant chain business.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements