Lossmaking Little Chef restaurants are closed

18 January 2007
Lossmaking Little Chef restaurants are closed

Little Chef administrator PricewaterhouseCoopers (PWC) has confirmed that the 41 restaurants not included in the rescue deal with RCapital have now shut. A PWC spokeswoman said 596 staff had been made redundant and the leaseholds on the properties had been surrendered to the landlords.

When the business went into administration on 3 January, 198 sites were bought by venture capital group RCapital for a reported price tag of £10m. The 41 sites not included in the deal were closed because they were all making a loss.

At the time of its collapse, Little Chef was making an annual loss of about £3m.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking