# Newultra Limited (02736515)

> Why UK company 02736515 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02736515

- **Status:** Administration ended
- **Administration began:** 2021-01-20
- **Administrators:** William James Wright, Christopher Robert Pole
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 1992-08-03
- **Location:** London
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- COVID-19
- Cash flow / liquidity pressure
- Property / lease costs
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure

## From the administrators' statement

The Company was incorporated on 3 August 1992. The Company is a wholly owned subsidiary of Dining Street, previously known as Richoux Group Plc, an entity formerly listed on the AIM market.

The Group operated 15 restaurants across London and the South East, under The Broadwick, Richoux, Friendly Phil’s, Villagio and Zintino brands, from its headquarters in Tilehurst, Reading.

The Company was a key trading entity within the Group, operating 13 restaurants and employing 106 staff.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02736515/filing-history/MzI5NDUwNTI4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02736515

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.