Las Iguanas to launch urgent restructuring amid bankruptcy fears over 47 sites |
Iguanas Holdings Limited, the operator of the Mexican restaurant chain Las Iguanas, has introduced a court-approved restructuring plan amid growing bankruptcy fears, threatening the closure of its 47 chains.
Justice Hildyard, the High Court judge, approved the calling of creditors meeting regarding restructuring plan after the company’s lawyers pleas, who informed the High Court on May 6, 2026 regarding worsening financial conditions and potential cash crunch.
Las Iguanas is set to convene creditors meetings to vote on a restructuring plan aimed at saving 47 UK restaurants from administration.
The creditors........