Following the breakdown of the sale of the company to the Reuben Brothers the future of the AIM-listed company well known for brands like Living Room and Prohibition bar & grill is in doubt and it being placed into administration looks likely.
The group has seen a sharp decline in trading performance of its 47 outlets leading to its share price slumping and being suspended, valuing the business at only £700,000. This despite its reputation for attracting Premier League footballers regularly to its Manchester and Birmingham Living Room outlets. This part of the business is the most attractive to potential buyers which may include Ladhar Leisure and the current management.
As an appointed stocktaker to the group SPK Stocktakers are hoping, along with the many staff employed in the group, that a buyer may still be found.
No comments:
Post a Comment