Caskade (2000) Limited (02293596): administration
- Status
- Administration ended
- Administration began
- 2024-06-27
- Administrators
- Joseph Walter Colley
- Administrators' firm
- Begbies Traynor
- Formerly
- Caskade Fried Chicken Limited; Chicken Delite Limited
- Incorporated
- 1988-09-07
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
- Property / lease costs
- Parent or group failure
From the administrators' statement
The Company operated as part of a wider group of Companies known as the Caskade Group (‘the Group’). The Group was established in 1996 and by 2000, operated over 10 trading KFC restaurants. By the time the Group entered into Administration, it operated 53 franchised quick service restaurants under the KFC brand via international franchise agreements with Kentucky Fried Chicken (Great Britain) Limited. The restaurants were typically located in high-volume and popular areas throughout London and across the South of England.
The wider Group has traded from the Company’s Leasehold Property at Unit B1, Tower Park, Poole, Dorset. The existing lease expires in 2025 and a new lease has been granted from the 29 September 2025 for 15 years to 28 September 2040 as an extension to an existing lease, for rent of £76,000 per annum, with a rent review every 5 years.
3.3.
Administrators' statement of proposals (2024-08-02) · Companies House register