Full list of 87 TGI Fridays restaurants at risk after administration update issued

Hostmore, which operates TGI Fridays in the UK, has been scrambling to sell its chain of 87 restaurants – but in a new development, the firm today confirmed it is now in administration

The hospitality group behind restaurant chain TGI Fridays has collapsed into administration.

Hostmore, which operates TGI Fridays in the UK, has been scrambling to sell its chain of 87 restaurants – but in a new development, the firm today confirmed it has now collapsed, with administrators from Teneo appointed to oversee the process.

Hostmore hopes to complete a sale of its UK restaurants by the end of September, in a move which would keep the TGI Fridays brand alive on British high street. However, it is not clear at this stage whether a new buyer will be found for some or all of the restaurants. TGI Fridays is an American-inspired restaurant chain that first opened in the UK in 1986s. Its name stands for “Thank God its Friday” and its menu consists of New York-influenced food and cocktails menu.

TGI UK restaurants will continue to stay open as normal while the administration process starts. It comes after Hostmore abandoned plans to buy all the TGI restaurants in the US – its biggest market where it has 128 restaurants – for £177million.

It would have merged with US-based TGI Fridays Inc, to create a larger firm that would remain listed in London. The announcement of the deal falling through caused shares to tank by more than 90%. Its shares are now worth less than 0.2 pence per share. Its shares have now been suspended from the London Stock Exchange. TGI Fridays operates more than 270 in countries around the world.

Hostmore published a statement on the London Stock Exchange today, which said: “The Board inherited a very challenging set of circumstances, but a focus on reducing costs, revising the Group’s capital allocation policy and implementing both Board and senior management changes, meant that the Group was able to reduce annualised expenditures by £12million, significantly reduce losses from unprofitable stores, and operate the Group’s stores at a best in class efficiency level for the sector, all while improving guest scores to our highest levels on record.

“Unfortunately, all of the Board’s efforts to implement a lasting solution to support the long-term financial future of the business came against a highly challenging trading and macroeconomic backdrop, and efforts to create value for shareholders through the proposed acquisition of TGI Fridays, while well-advanced, encountered adverse events outside of the Board’s control.”

Full list of 87 TGI Fridays UK restaurants

1. Fridays Aberdeen beach
2. Fridays and Go Dundee
3. Fridays Barnsley
4. Fridays Basildon
5. Fridays Birmingham
6. Fridays Bluewater
7. Fridays Bolton
8. Fridays Bournemouth
9. Fridays Bracknell
10. Fridays Braintree
11. Fridays Brighton Marina
12. Fridays Cardiff St David’s
13. Fridays Castleford
14. Fridays Cheadle
15. Fridays Chelmsford
16. Fridays Cheltenham
17. Fridays Cheshire Oaks
18. Fridays Coventry
19. Fridays Crawley
20. Fridays Croydon
21. Fridays Derby
22. Fridays Doncaster
23. Fridays Durham
24. Fridays Edinburgh
25. Fridays Enfield
26. Fridays Fareham
27. Fridays Glasgow
28. Fridays Glasgow Fort
29. Fridays Gloucester Quays
30. Fridays Halifax
31. Fridays High Wycombe
32. Fridays Jersey
33. Fridays Lakeside quay
34. Fridays Leeds
35. Fridays Leeds trinity
36. Fridays Leicester
37. Fridays Lincoln
38. Fridays Milton Keynes stadium
39. Fridays Newport
40. Fridays Northampton
41. Fridays Norwich
42. Fridays Nottingham
43. Fridays Prestwich
44. Fridays Reading
45. Fridays Reading Oracle
46. Fridays Romford
47. Fridays Rushden Lakes
48. Fridays Sale
49. Fridays Sheffield
50. Fridays Solihull
51. Fridays Staines
52. Fridays Stevenage
53. Fridays Sutton Coldfield
54. Fridays Swansea
55. Fridays Telford
56. Fridays Walsall
57. Fridays Watford Central
58. Fridays Cardiff Newport Road
59. Fridays Edinburgh Fort Kinnaird
60. Fridays Sheffield Meadowhall
61. Fridays Speke
62. Fridays Teesside
63. Fridays Watford North
64. Fridays Leeds White Rose
65. Fridays Ashton
66. Fridays Bristol Cabot Circus
67. Fridays Bristol Cribbs Causeway
68. Fridays Southampton West Quay south
69. Fridays Southampton Harbour Parade
70. Fridays Glasgow Braehead
71. Fridays Manchester Trafford Centre
72. Fridays Newcastle Eldon Square
73. Fridays Gateshead Metrocentre
74. Fridays London Leicester Square
75. Fridays London Stratford
76. Fridays Manchester Royal Exchange
77. Fridays Birmingham Resort nec
78. Fridays Gateshead
79. Fridays Lakeside
80. Fridays Glasgow Silverburn
81. Fridays Hanley/Stoke on trent
82. Fridays Leeds Birstall jct27
83. Fridays Liverpool One
84. Fridays London o2
85. Fridays London Wembley
86. Fridays Milton Keynes (theatre district)
87. Fridays Aberdeen Union Square