ABC Restaurant Group formerly Planet Hollywood (Trocadero)

Company Administration

| April 25th 2018

More Case Studies by Mark Fry

Published: 25th April 2018

ABC Restaurant Group formerly Planet Hollywood (Trocadero)

Operators of Planet Hollywood at the Trocadero in London went into administration on expiry of the lease and negotiations with the landlord failed. Rent over £1m p.a. and a large dilapidation claim made trading unprofitable. We then handled the administration: trading ceased and staff (about 100) became redundant. The company has now exited from administration and is in a CVA (Company Voluntary Arrangement). A new Planet Hollywood has opened at Haymarket in London.


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Mark Fry

Partner

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Mark is an experienced insolvency practitioner, with over twenty years experience. Originally a founding partner in Taylor Gotham & Fry, a specialist boutique practice in the corporate recovery sector, he later sold this practice in 2005 to Begbies Traynor. Mark is now the Regional Managing Partner for the company, responsible for London and the South East. During his time at Begbies Traynor he has developed a separate but integrated restructuring and banking practice; this part of the business has worked in both debtor and creditor led turnaround situations. He also holds several directorships of trading companies outside the financial sector, which assists his awareness and understanding of the issues found by business managers and owners. 

Mark is a Counsel Member of the Insolvency Practioners Association and a member of their Membership and Authorisation Committee, as well as the Education and Training Committee.  He has also served as a member of the General Technical Committee for R3, the Association of Business Recovery Professionals.

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