Restaurant group Tasty has become the first AIM-listed company to successfully secure a restructuring plan. The firm, which had faced an uncertain future after difficult trading conditions, was supported in securing the plan by experts from advisory firm FRP.
Tasty is a branded restaurant operator in the UK casual dining market, with trading brands including dim t and Wildwood restaurants. As of 2023, the company had spread to trade from 52 branches and had plans for continued expansion.
However, that same year, Tasty said that despite expecting to report a revenue of around 49.6 million, it had endured an EBITDA loss of approximately 900,000, having lost 2.7 million in 2022. Tastys shares almost halved in value over the following 12 mon…
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