I really hope we don't go into admin, because no one will want to buy us out.
Not cool.
I guess that largely depends on a number of things:
1) What are the stock levels like
2) Are the properties owned or rented
3) What's the pension scheme like
4) How is the debt packaged
Not looking for answers to those questions, just food for thought. Unlikely a private equity firm will make a move in a market like this, as there is no scope for a quick buck, and the main problem is 'who is there to buy them?' No competitor with the buying power that I can think of.
Still, if like for like sales are up that much I don't think it's necessarily time to think about administration... time to buy more shares!