Cafe Tarifa Limited (02316576): administration
- Status
- Administration ended
- Administration began
- 2024-04-11
- Administrators
- Paul Ellison, David Ronald Taylor
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Cafe Coco Limited; Venture Leisure Limited; Lanepole Limited
- Incorporated
- 1988-11-14
- Location
- Reading
- Industry
- 56101 Licenced restaurants
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
- Weak consumer demand
- Creditor pressure / legal action
- COVID-19
- Energy costs
From the administrators' statement
3.1 Due to a combination of the prolonged closures during the 2020/21 pandemic, increased fuel costs and the ongoing cost of living crisis, the Company was unable to keep up to date with its rent and HMRC payments.
3.2 However, a further significant development has also severely impacted the trading of the Company’s businesses. During the pandemic, Oxford County Council began distributing leaflets referencing road alterations in order to create a Low Traffic Neighbourhood (“LTN”) in the Cowley area.
3.3 This has now been implemented in the form of a “temporary experiment” to block 1.2 miles of connecting roads between the Cowley Road, which contains circa 200 businesses, and Oxford city centre. This has also resulted in the removal of circa 600 parking spaces. No buses were provided from the Park and Ride car parks on the ring
Administrators' statement of proposals (2024-06-18) · Companies House register