Administration looms?24 Mar 2018 17:13
So many high street big hitters and restaurant chains going into administration almost every week and it doesn’t look good at all here. Making a loss, expansion plan clearly failed and CEO and CFO walk away doesn’t bode well imo. This is a cheap butchers shop and that’s it, a few shops may be able to turn a small profit but that’s it imo, the expansion has failed and left them on the brink of administration by the looks of it, the only way to save this will be to close all the loss making shops and keep the few that make a profit and most likely delist it back I to private hands to save on administrative costs. Can it be saved from the liquidators that’s the question, needs an aggressive store closure plan and expenditure cut back to the bare bones to see if it can be saved