Troubled sandwich chain Benjys goes into administration again

Second administration since July for the sandwich franchise

All 46 branches of sandwich chain Benjys have been closed, after the company went into administration for the second time since July 2006.

KPMG has now been appointed the administrator by private equity firm Hamilton Bradshaw, who bought Benjys seven months ago.

The company has blamed the administration on a difficult trading period. A sign displayed outside the branch in Victoria read: ‘The company has gone into administration and this store is closed with immediate effect. We apologise for the disruption to customers and thank them for their loyal custom’.

It has also been reported that assets at 17 stores were seized last week by bailiffs acting for accountancy firm Deliotte.

A statement from administrator Myles Halley read: “Over the last few weeks the directors have tried unsuccessfully to find a buyer and while the administrators will continue to seek offers from interested parties, unfortunately there will be around 400 redundancies.”

© Crimson Business Ltd. 2007

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