The announcement comes after a tough year for the business which is turning around its fortunes
A Sri Lankan restaurant group that was rescued from administration last year is opening a new branch in Bristol at the end of the month. It is the second outlet in the city for The Coconut Tree, which was founded in Gloucestershire a decade ago by a group of friends and has sites in Cheltenham, Bath, Bournemouth, Oxford, Reading and on Gloucester Road in Bristol.
The new restaurant on Broad Quay is the first since founders Praveen Thangiah and Shamil Fernando took control of the business through their company MPS Hospitality last year.
The eatery will sell authentic Sri Lankan dishes and original cocktails, and will include outside dining for more than 50 people as well as three virtual darts lanes inside, set in a drinks area.
Mr Thangiah added: “We’re keeping the essence of The Coconut Tree the same, and our focus is on creating a more sustainable business for the future. Our restaurants are supported by an experienced team that has been the heart of The Coconut Tree for many years. We’d like to thank everyone for their support as we open our seventh site.”
The Coconut Tree appointed administrators from Mazars last November after failing to keep up with payments on a Company Voluntary Arrangement (CVA) – a process to allow a business to pay back its debts. The tipping point came when the business defaulted on a £1.6m tax bill.
But the deal with MPS Hospitality last year saved more than 150 jobs and meant the restaurant group could continue trading, with two of its founders at the helm. It is understood no suppliers, employees or local business partners were left out of pocket following the administration.
Mr Fernando said: “The Coconut Tree has been a huge part of our lives for many years. We bought the business because we care deeply about it and the people behind it, and believe in our authentic Sri Lankan food and drink.”
The Broad Quay Bristol branch is opening at 5pm on August 28.


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