The Living Room chain of restaurant bars has requested the suspension of its shares while it continued debt refinancing talks with lenders.

Premium Bars and Restaurants, which has about 50 outlets including one in Birmingham’s Broad Street, said the discussions meant it would be unable to issue accounts to shareholders within six months of its June 30 year end.

The group, which announced on December 17 that it was seeking to refinance debts, said banks and key stakeholders continued to remain “very supportive”.

Shares, 169.4p in January, were suspended on Tuesday at 1.75p.