Little Chef is preparing to bring in administrators next week if emergency refinancing talks fail.
Little Chef, bought out from private equity group Permira for £52m by two entrepreneurs last year, has administrators at PwC on stand-by in case the talks fail, according to market sources.
References: Financial Times page 16 30/12/06, The Times page 36 30/12/06, The Guardian page 9 30/12/06, The Independent page 43 30/12/06
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Including:
Industry leaders are reassured by the likelihood of the sector falling outside of policy changes
Company is monitoring “market volatility”
CFO Shaw will step into top post next year
Prima, Real Living and Cantay Estates have received funding for 189-bed PBSA
