Tags:

Mystery surrounds departure of financial boss at Gordon Ramsay’s

Kerstin  Kühn
Monday 26 October 2009 14:42
Gordon RamsayCelebrity chef Gordon Ramsay has parted company with the chief financial officer of his multi-Michelin-starred restaurant group.
 
Mystery surrounds the departure of Nick Fletcher, who is understood to have left Gordon Ramsay Holdings (GRH) earlier this summer.
 
Although documents were filed at Companies House last week stating that the group had “terminated” Fletcher’s appointment, it is believed that he left the group a few months ago.
 
The termination means Fletcher is no longer a director at nearly 20 of Ramsay's companies. However he still appears as director of five remaining companies, three of which are overdue in filing company information, making Fletcher and Ramsay liable for criminal proceedings and a £5,000 fine.
 
GRH declined to comment on Fletcher’s exit. A spokeswoman said: “We never comment on employment issues.”
 
Fletcher’s departure from GRH came shortly after that of the group’s former head of operations, Gillian Thomson, who left in May.
 
Thomson, who spent eight years with GRH overseeing the company’s UK and global expansion, left to join contract caterer Company of Cooks as managing director.
 
It has been a difficult year for GRH, which this year saw profits plummet by 90%, falling from £3m to £383,325.
 
With its net debt more than doubling from £4m to £9.5m, GRH was forced to give up control of many of its overseas restaurants, including those in Paris, Los Angeles and Prague, to the hotels they are housed in.

 
Lack of funding scuppers this year’s Gordon Ramsay scholarship >>
 
Gordon Ramsay hands over control of Hollywood restaurant >>
 
Gordon Ramsay Holdings hands back control of Maze Prague >>
 
Gordon Ramsay sells a third overseas restaurant >>
 

By Kerstin Kühn


E-mail your comments to Kerstin Kühn here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk


Caterersearch.com jobs

Looking for a new job? Find your next restaurant job here with Caterersearch.com jobs



 

Blogs on Caterersearch.com
Catch up with more news and gossip on all Caterer's blogs
Newsletters
For the latest hospitality news, sign up for our e-mail newsletters.

Recommended articles

Articles from the web

 
Profiting from 2012: Case Studies

Latest Video

Foraging – why all the attention?

Using foraged ingredients is nothing new but the trend has become more mainstream over the past two years. However, the wider use of foraged food in restaurants also carries a certain amount of danger.

Watch here

Best of chef

Best of Chef – now available online

Best of Chef – now available online
View it now

Videos

Video: Foraging – why all the attention? Video: Bordeaux Revisited with Ronan Sayburn Claire John Campbell
Foraging:
why all the attention?
Watch the video here
Bordeaux Revisited
with Ronan Sayburn
Watch the video here
Claire Clark
masterclass
Watch the video here
Interview with John Campbell
at Coworth Park
Watch the video here