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.
A rare opportunity to acquire a busy fish and chip restaurant and takeaway with 50 covers that has spacious accommodation. Located prominently on a busy main road with a large amount of passing traffic daily, the restaurant is well known in the local...
LEASEHOLD
A unique opportunity to acquire a growing group of three established and franchised restaurants. Based within walking distance of each other in a prime central location in a large university market town in Leicestershire.
LEASEHOLD
This must be the finest, privately owned pizza bar in West Yorkshire. Situated in an absolute prime position, near to a further education premises with thousands of students and also near to the halls of residence which ensures the success of this ve...
LEASEHOLD
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.