Plans were reported to be in the offing this weekend to put Little Chef’s property arm into administration in a bid to try to keep the restaurants afloat. The Sunday Times said the plans would give the 230-strong roadside chain breathing space from its landlords, to whom it is already late on its rent payments, to it can keep trading while it seeks a buyer. Arazim Investments was reported to be in negotiations to buy 200 of the restaurant to add to the 65 the Israeli property group bought earlier this year. The least profitable outlets would close. The mooted deal with Arazim would see 90% Little Chef stakeholder Lawrence Wosskow, in effect, hand over his holding free of charge. Arazim would need to give the chain an infusion of several million pounds to keep it afloat. The newspaper quotes city sources who believe it is still possible the entire business could be placed into the hands of PriceWaterhouse Coopers which would act as administrator. The Sunday Times (Business) 31/12/06 page 1