TORIDOLL Holdings Corporation
Notice Regarding Business Restructuring (Insolvency Rehabilitation Proceedings) of UK Subsidiary
UK subsidiary The Real Greek Food Company Limited has commenced administration under UK insolvency law. Total liabilities amount to £13,352 thousand, with an application planned for May 1, 2026.
Key Figures
- Total Liabilities: £13,352 thousand (as of end March 2025)
- Net Sales: £36,855 thousand (Fiscal Year Ending March 2025)
- Operating Loss: △£3,392 thousand (Fiscal Year Ending March 2025)
AI要約
Background and Details of Business Restructuring
The Real Greek Food Company Limited (TRG), a subsidiary of The Fulham Shore Limited, which is our consolidated subsidiary, has resolved to commence administration proceedings under UK insolvency law in response to the severe economic environment in the UK, including inflation and rising labor costs, to preserve business value and facilitate restructuring. TRG operates the Greek cuisine brand "The Real Greek" and had total liabilities of £13,352 thousand as of the end of March 2025.
Outlook and Impact
The administration application is scheduled for May 1, 2026, and the process will commence immediately upon court acceptance. Bankruptcy rehabilitation proceedings will be conducted under the supervision of an administrator. The impact on the Company's consolidated financial results for the fiscal year ending March 2026 is currently under review. The CVA procedure for the related Franco Manca business is proceeding as planned, and any material developments will be disclosed promptly.
Toridoll Holdings Corporation
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