Decision and Details
Board of DirectorsCommencement of administration (Administration), an insolvency proceeding under UK insolvency law, in respect of TRG
Inflation, higher energy and food prices, and rising personnel costs due to increases in the minimum wage have continued in the UK, resulting in an economic environment surrounding the food service industry that is more difficult than anticipated. In addition, the impact on the The Real Greek business is greater than that on the Franco Manca business, and priority was given to maintaining the business value of Fulham and ensuring the successful implementation of its restructuring.
The impact on the Company's consolidated results for the fiscal year ending March 2026 is currently being assessed.
| Item | Details |
|---|---|
| Matter Covered | Commencement of administration (Administration), an insolvency proceeding under UK insolvency law, in respect of TRG |
| Decision-Making Body | Board of Directors |
| Decision Date | 1 May 2026 |
| Implementation Date | An application is scheduled to be filed on 1 May 2026 (UK time). Administration is scheduled to commence on the same day after the court accepts the notice. |
| Amount | Share capital: £43 thousand; total liabilities: £13,352 thousand (as of the end of March 2025) |
| Quantity / scale | Kefi Limited's ownership interest: 100%; Fulham's ownership interest in Kefi Limited, the parent company of TRG: 100%; the Company's ownership interest in Fulham: 99.7% |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending March 2026 is currently being assessed. |
| Reason | Inflation, higher energy and food prices, and rising personnel costs due to increases in the minimum wage have continued in the UK, resulting in an economic environment surrounding the food service industry that is more difficult than anticipated. In addition, the impact on the The Real Greek business is greater than that on the Franco Manca business, and priority was given to maintaining the business value of Fulham and ensuring the successful implementation of its restructuring. |
| Governing Rule | UK insolvency law |
| Related previous disclosures | Notice Regarding Business Restructuring (Application for Restructuring Proceedings) at a UK Subsidiary dated 16 April 2026 |
| Future plans | An application is scheduled to be filed on 1 May 2026 (UK time). After the court accepts the notice, administration will commence on the same day, and the proceedings will be conducted under the appointed administrator. A creditors' meeting for the CVA relating to FM is scheduled to be held in early May 2026. |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Inflation, higher energy and food prices, and rising personnel costs due to increases in the minimum wage have continued in the UK, resulting in an economic environment surrounding the food service industry that is more difficult than anticipated. In addition, the impact on The Real Greek business is greater than that on the Franco Manca business, and priority was given to maintaining the business value of Fulham and ensuring the successful implementation of its restructuring.