Casual dining operator Dining Street Limited has appointed administrators, with all 147 staff made redundant.

Will Wright and Steve Absolom from KPMG’s Restructuring practice have been appointed joint administrators of the business, along with its two subsidiaries Richoux and Newultra.

The group operated 15 restaurants, under a number of brands: Richoux, Zintino, Friendly Phil’s, Villagio and The Broadwick, which were located predominantly in London and the south of England.

A small number of its sites had continued to provide takeaway and delivery services, following the closure of the group’s dine-services in December, due to the government’s tier four Covid restrictions, but according to KPMG the ongoing uncertainty around when restrictions would be lifted and with the companies continuing to accrue liabilities, the pressure on its cash position was not sustainable.

Will Wright, partner at KPMG and joint administrator, said: “The current plight of the UK’s hospitality sector cannot be underestimated. Despite the breadth of support packages available, the reality is that the latest lockdown measures have proven to be a hammer blow for many businesses which, like the Dining Street group of companies, continue to accrue creditor liabilities while seeing little to no revenues coming in.”

KPMG is currently exploring options for the sale of the business and its assets.

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