Upmarket restaurant chain Fish has been forced to call in administrators after it failed to secure support for a restructuring plan from bankers.
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Less than two months ago, the firm was forced to admit that it had misinterpreted a boost in spring trading. As a result it would be posting a loss in its full year, according to a report.
The group released a statement the group that revealed that it had “no option but to seek an administrator”.
The statement continued: “The board of Fish believes that this course of action provides the best option for delivering a stable environment in which all the operations of the group will continue to trade.”
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