Statement re Administration
11 Januar 2008 - 6:59PM
UK Regulatory
RNS Number:6581L
Sports Cafe Holdings plc
11 January 2008
11 January 2008
Sports Cafe Holdings plc ("Sports Cafe or "the Company")
Comment on financial position
Further to the statement on its financial position released on 9 January 2008,
the Company announces that it has appointed administrators following
confirmation from its bankers that they could not provide further facilities at
this time. This is primarily due to the poor trading conditions of the 2007
Christmas period and uncertainty over future 2008 trading in the light of
general consumer market forecasts.
We have been advised by the administrators, Bruce Mackay and Alan Lovett, both
of Baker Tilly Restructuring and Recovery LLP, that it is their intention to
continue trading the business at this time.
Enquiries:
Sports Cafe Holdings Plc Tel: 020 7839 3377
Peter Marks / Paul Wright
Buchanan Communications Tel: 020 7466 5000
Charles Ryland / Rebecca Skye Dietrich
Landsbanki Securities (UK) Limited (Nomad) Tel: 020 7426 9000
Mark Dickenson / Gareth Price
This information is provided by RNS
The company news service from the London Stock Exchange
END
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