Trading halted for shares in Chiswick restaurant chain
No stranger to trouble, the future of beleaguered restaurant chain Fishworks looked all the more uncertain this week after the company's shares were frozen.
Trading on the Stock Exchange was halted "pending clarification of the company's financial position and strategic options".
A spokesperson for Fishworks said that the chain "has continued to experience challenging market conditions".
The company, announced a £5.5million loss in November 2008.
Over expansion has been blamed for much of Fishworks' troubles which have already led to the closure of their Notting Hill branch.
At the time, a spokesperson for Fishworks told ChiswickW4.com, “Whilst the decision has been made to close our Notting Hill branch, our restaurant in Chiswick is going from strength to strength.
"Following some refinancing for the company, together with a review of the FishWorks Board, we are in line to prepare for future growth, including the opening of new restaurants in 2008 and enhancement of the current sites.”
January 8, 2009