Casual Dining Group set to appoint administrators

Tue, 19 May 2020 | ADMINISTRATION

Casual Dining Group, the company behind restaurant chains including Bella Italia, Café Rouge and Las Iguanas, has filed a notice of intention to appoint administrators. The notice provides the group with 10 working days’ protection from creditors.

The group runs around 250 restaurants across the UK, employing around 6,000 staff. Its restaurants have been hit by the coronavirus lockdown that has seen restaurants in the UK closed since late March.

It has hired advisory firm Alix Partners to allow it to assess its options, including a potential whole group administration, the administration of weaker chains or deals with landlords to close some outlets. CDG is controlled by private equity firm KKR.

Reports suggest that it will launch company voluntary arrangements (CVAs) for two of Bella Italia, Café Rouge and Las Iguanas, with the third being put into administration. The group’s smaller chains, which could be most at risk in a restructuring, include Belgo, Huxleys and Oriel. CDG sold off its tapas chain La Tasca earlier this year.

A CDG spokesperson said: “As is widely acknowledged, this is an unprecedented situation for our industry and, like many other companies across the UK, the directors of Casual Dining Group are working closely with our advisers as we consider our next steps.”

“These notifications are a prudent measure in light of the company’s position and the wider situation. These notifications will also protect the company from any threatened potential legal action from landlords while we review the detail of the government advice and formulate a plan for the company in these difficult times.”

In its most recent accounts, made up to the year ending May 26 2019, the group registered revenue of £23.7 million, a slight increase from the year prior, and gross profit of £1.8 million, up from £1.4 million the year before. At the time, the group has total assets of around £50 million.

View the latest distressed UK businesses here.

Share this article

Latest Businesses for Sale

South Yorkshire, Yorkshire and the Humber, UK

A beautifully presented, well established upmarket Cafe, occupying an outstanding and extremely prominent main road trading position on Sheffield's hugely popular Abbeydale Road. Benefiting from full A3 consent, this is a very spacious, light and air...

Asking Price: £28,950
Turnover: £900,000


High-Street & Online Butcher
Scotland, UK

Award-winning retail & wholesale butcher offering a wide range of meat products handmade at its large production facility selling to a loyal local customer base from its high-street shop & online. Offers invited.

Asking Price: Offers Invited
Turnover: £1,993,000

Northamptonshire, UK Wide

This long-established business of over 50 years has built up an enviable reputation within this sector of the market for quality and customer service and is award winning and which due to retirement this rare and exciting opportunity has now become a...

Asking Price: £535,000
Turnover: £1,569,695


View more businesses for sale

News Search

Latest News


Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY

Manchester’s Trafford Centre shopping mall is up for s...


Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE

Administrators have put three hotels in the North of England...


Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources