On 27 July 2023 Pittards plc (AIM:PTD) announced that it was considering all its strategic options for the benefit of its stakeholders which could include an orderly sale of the business and assets of the Company. Whilst a sale process of the business and assets of the Company has been initiated, due to the Group's current financial uncertainty and in light of increased creditor pressure, following discussions with its advisors the board has regrettably resolved to file a notice of intention to appoint Ernst & Young LLP as administrators to the Company as soon as reasonably practicable.