Prime Steak and Home RBVR, which are the companies behind Dublin restaurants Rustic Stone and Brasserie Sixty6, respectively, and are co-owned by chef Dylan McGrath, are seeking to restructure their debts under the Small Companies Administration Process (Scarp), according to The Irish Times.
Process Advisor
As reported by The Irish Times, Baker Tilly partner and insolvency expert Neil Hughes has been appointed as the process advisor under Scarp for both companies, and he will work out a rescue plan for the firms, which may involve writing down debts that creditors who will have to vote on the agreement's final terms are owed.
Continuing To Operate
Both Brasserie Sixty6 and Rustic Stone are continuing to operate, according to The Irish Times.
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