Administrators have taken the Fat Cat bar and restaurant chain in hand and are now working to sell off some of its sites.
The chain, which has been established in north Wales for 21 years, attributed its troubles to January's bad weather leading to poor trading which hit cashflow.
After several closures, the remaining properties are in Nottingham, Leicester, and Northampton, Bangor, Cardiff and Wrexham, and East London. The loss-making venues in Stoke, Anstey in Leicestershire, Llandudno and Chester have been shut down.
Tyrone Courtman and Nicholas Edwards of Cooper Parry were brought in as the joint administrators of Fat Cat Café Bars Ltd and Fat Cat Restaurants Ltd on 23 April. About 80 of its 200 staff have been made redundant.
Fat Cat had sales of over £8 million, but had not made profits for a few years.
Mr Courtman, the head of restructuring at Cooper Parry said: “The companies have been adversely affected by poor trading at a few of their outlets.
“The administration affords the companies the opportunity of restructuring this business whilst continuing to trade, we are keen to explore all options and shall continue to trade those operations for the foreseeable future.”
Mr Courtman would invite contact from anyone interested in buying the business as a whole or in part.
For further information contact Ross Kirton at Colliers International on 0207 487 1615. Or email him at ross.kirton@colliers.com
This vibrant and rapidly growing online business specialises in British craft beer gift hampers, tapping into both D2C and B2B marketplaces, making it an ideal investment for those looking to capitalise on the thriving gift industry. With a streamlin...
This niche business offers a rare opportunity to acquire a leading specialist in front garden design, restoration, and creation for period properties across South East England, with a strong reputation for high-quality finishes and heritage-sensitive...
Explore an opportunity to acquire a thriving multi-channel e-commerce brand with a considerable track record of success, specialising in fashion and gadgets.
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.