UK Chophouse Legal Issue With BDA Company
Simpson’s Tavern in the City – London’s oldest chophouse – is “bidding to become a protected community heritage site in an effort to fight closure by its Bermuda-based landlords.”
The Telegraph website said, “London’s oldest chophouse is bidding to become a protected community heritage site in an effort to fight closure by its Bermuda-based landlords.
“Having weathered everything that has been thrown at London since 1757, from cholera to the Blitz to postwar planning, the historic restaurant could now be shut down by Covid debts.
“The owners of Simpson’s Tavern in the City of London have been locked out of their premises since October 16 amid a dispute over rent and are already having to lay-off staff.
“The chophouse, which has been serving traditional English meals to City workers for two and a half centuries, entered into rent arrears during the pandemic.
“As well as being closed during lockdown, the business struggled for much of last year as financial workers failed to return to office working following the end of restrictions.
“However, since then, the business has bounced back to pre-Covid levels and Benjamin Duggan, the general manager, told The Telegraph that they were more than capable of paying back the arrears if a payment plan could be negotiated.
“We are able to pay down this debt, we just cannot pay it all in one go,” Mr Duggan said.
“Including legal and other costs, the restaurant is now more than £380,000 in the red. With the locks changed, the business is also missing out on the November-December boom when, Mr Duggan said, it would usually make 40 per cent of its annual revenue.
“The money is owed to Tavor Holdings, an opaque holding company based in the British Overseas Territory of Bermuda.”
You can read the full story here on the Telegraph.
