Out of Town Restaurant Group collapses into administration

27 April 2007 by
Out of Town Restaurant Group collapses into administration

Restaurant operator Out of Town Restaurant Group (OTRG) has collapsed into administration, Caterer can reveal.

The company has appointed administrators Robson Rhodes to facilitate the ongoing trading and sale of the business.

Simon Bower, partner at Robson Rhodes, said that OTRG reached a point where it needed the help of administrators but added he felt positive a buyer could be found to take the business on as a going concern.

"We have already received significant interest and are confident that we can achieve a going concern sale," he said.

"In the meantime it's business as usual and we continue to receive the support of the staff and suppliers."

A spokesman for OTRG added: "The group operates a number of profitable restaurants, food court and coffee shop units in sought after locations in major shopping centres. We are optimistic about the long term, wellbeing of the trading units."

OTRG comprises three divisions operating in the food and leisure sector through 57 outlets throughout the UK including the 14-strong Madisons coffee deli concept. Last year the company launched its all-day concept, the Lounge, in Sheffield.

Out of Town Restaurant Group launches Lounge >>

Out of Town Restaurant Group website >>

By Kerstin Kühn

E-mail your comments to Kerstin Kühn here.

The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
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.


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