PIZZA Express is reportedly in talks with creditors today, Monday, amid worsening financial problems.

The Italian restaurant chain is said to have accumulated £1.6 million of debt per restaurant.

In 2018, Pizza Express – which has a restaurant in Grappenhall Road, Stockton Heath – reported net debt of more than £1bn, and made a pre-tax loss of £55m.

Founded in 1965, the Chinese-owned restaurant group has more than 470 restaurants across the UK and 100 overseas.