Arbiter Property Limited (02796199): administration
- Status
- Administration ended
- Administration began
- 2012-01-06
- Administrators
- Robert David Hewitt, Lynn Gibson
- Administrators' firm
- Ccoo Creditlink Creditlink Account Recovery Solutions
- Formerly
- Orange Sun Services Limited; ITC Information Technology Consultants Limited; Data-Sell Limited
- Incorporated
- 1993-03-05
- Location
- West Byfleet
- Industry
- 5540
Why it went into administration
- Weak consumer demand
- Sustained trading losses
From the administrators' statement
The Company operated a number of leasehold public houses The reduction in consumer confidence combined with the reduction in alcoho! prices at supermarkets had encouraged more people to stay athome This reduced turnover and led to a number of the pubs generating net losses
Prior to the administration of the Company, the directors assigned all but one of the leaseholds where there was considered to be a premium value in the lease Where the pub was lossmaking and there was no premium value in the lease, the directors agreed a voluntary surrender of the lease to the freeholder As a result the Company had ceased trading by 6 January 2012 being the date on which it entered into administration
ARBITER PROPERTY LIMITED - IN ADMINISTRATION
Administrators' statement of proposals (2012-02-27) · Companies House register