Wed, 03 Nov 2021 | ADMINISTRATION
A buyer is being sought for popular East Midlands fish and chip chain George’s Tradition, after the company fell into administration as a result of historic debts. Raj Mittal and Arvindar Jit Singh of FRP Advisory have been appointed as joint administrators.
The administrators have been tasked with finding a buyer for George’s Tradition Limited, which operates the seven-strong chain of restaurant, takeaway and pub sites, and George’s Tradition (Belper) Limited, which runs a restaurant and takeaway site.
George’s Tradition has its head office and a restaurant in the village of Chellaston, Derby. Its other locations are in Allestree, Chilwell, Ilkeston, Long Eaton, West Bridgford and Woodlinkin, where it operates The Thorn Tree Pub. The company also owns a central food processing facility in Ilkeston.
The company has entered administration due to historic debts incurred in the launch of a restaurant chain, which the business subsequently exited. All of the company’s sites will remain open and operational while a buyer is sought.
Two restaurants in Leek and Loughborough also trade under the George’s Tradition brand name, however, they are owned by separate entities and are not affected by the administration process.
Joint administrator Raj Mittal commented: "George's Tradition is a much-loved chain of fish and chip shops that has been established in communities across the East Midlands. While the company has faced some historical financial challenges, the remaining business is strong and so we are confident that there will be appetite from potential investors to take the brand forward."
View the latest distressed UK businesses here.
The Inn is a large semi-detached property situated in 3/4 of an acre of land. The village is situated close to the famous Cloughton and The Hayburn Wyke Valley which reaches down to a magnificent rocky cove complete with tumbling waterfall and giant...
FREEHOLD
Traditional eighteenth century public house with three bars and restaurant for sale after sixteen years in same owners' hands.
FREEHOLD
Monmouthshire based successful pub and restaurant with residential flats on the market seeking a serious buyer.
FREEHOLD
18
|
Apr
|
Household goods retailer Lakeland undergoes a management buyout | MBO/MBI
Windermere-based family-owned household goods retailer, Lake...
17
|
Apr
|
Manchester tech firm Wakelet bought out of administration | BUSINESS SALE
A Manchester technology company has been bought out of admin...
17
|
Apr
|
Nutrition company Science in Sports bought by investment firm for £82 million | BUSINESS SALE
Nutrition specialist Science in Sport (SiS) has agreed to be...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.