Moshi Moshi calls in Kingston Smith administrators

Moshi Moshi calls in Kingston Smith administrators

Administrators are appointed to pioneering sushi restaurant as 'internal difficulties' divide the business

LONDON SUSHI RESTAURANT Moshi Moshi has called in an administrator from Kingston Smith.

Ian Defty, (pictured) partner at Kingston Smith, has been appointed to Bickland, which trades as Moshi Moshi and Soseki. It was the first sushi restaurant to offer conveyor belt-style service when it opened in 1994.

A statement by the administrators revealed the business became divided following “internal difficulties”.

“The failure of the company is attributed predominantly to internal difficulties, which have effectively divided the company,” the statement said.

Defty is eager to continue trading the business and save 27 staff at the restaurant chain.

“It is a sad fact that popular businesses and restaurants are failing regularly in today’s economic climate. If the insolvency industry can try to soften the blow to both creditors and employees, then we’ll be doing a good job in difficult circumstances,” he said.

Recently, Bickland expanded its business with new restaurants in Brighton and Bury St, as well as a takeaway outlet in Waitrose Canary Wharf.

Whitepaper

The Future of Finance is in the CFO's Hands

Business The Future of Finance is in the CFO's Hands

2m
Save a Week a Month Consolidating Accounts

Accounting Software Save a Week a Month Consolidating Accounts

3m
Mitigating Risk Through Internal Control

Legal Mitigating Risk Through Internal Control

3m
Could tax season have run more efficiently?

Corporate Tax Could tax season have run more efficiently?

4m

Related Articles

Late payments like "crack cocaine" for large businesses

Business Recovery Late payments like "crack cocaine" for large businesses

1m Tom Lemmon
More bad news for Debenhams

Business Recovery More bad news for Debenhams

8m Emanuela Hawker, Reporter
Insolvency and corporate governance

Business Recovery Insolvency and corporate governance

8m Chris Laughton
Impact of Brexit on restructuring and insolvency

Business Recovery Impact of Brexit on restructuring and insolvency

10m Emma Smith, Managing Editor
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

1y Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

1y Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

1y Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

1y Emma Smith, Managing Editor