Fish runs out of cash

Fish, the UK restaurant chain, has called in administrators to run the company after admitting it has run out of cash.

The company, which has 20 restaurants, said its bankers had not agreed to fund its proposed restructuring plan.

It said this left it with no option but to go into administration.

Fish requested trading in its shares be suspended pending a further announcement.

The restaurants will continue to trade while administrators attempt to turn the business around.

Fish has 11 restaurants in London and nine others nationwide in places including Birmingham, Leeds and Manchester.

In a May trading statement, Fish had said business was "uneven" and it expected to make a loss in the year.