| Year | 2007-08 |
| Company | The Food & Drink Group plc |
| Sector | Leisure – bars & restaurants |
| Ownership | AIM listed |
| Icknield role | Joining the board as finance director and replacing the finance team.
Leading processes to create options and find a solution. |
| Status at start of project | Trading under performance with some locations loss making, cash flow negative, over leveraged and with the finance director having left at short notice. |
| Options explored | Share placing – support from some institutional shareholders but insufficient new investor interest to enable equity to be raised
Disposal of entire group or divisions – no solvent solution was found |
| Icknield team | Steve Smith and Dorothy Szulc |
| Outcome | Profitable parts of the group were sold through a pre-pack administration preserving all the jobs in those locations. |
Bar & restaurant group
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