Upmarket restaurant operator, D&D London has scrapped the plan to float on the stock market.
The company, which owns and operates 35 restaurants and a hotel, was hit with £2.7m costs for professional fees, amongst others, after pulling the floatation plans.
The group then recorded a loss of £4.8m for the year to March 31, a rise of 77.8% from £2.7m in the previous year.
D&D, which operates flagship venues such as the Bluebird, Le Pont de la Tour and Quaglino's, had decided to shelve the float in December 2015, with plans for floatation in 2016.