# Greenwich INC. Limited (02818037)

> Why UK company 02818037 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02818037

- **Status:** Administration ended
- **Administration began:** 2013-11-29
- **Administrators' firm:** Grant Thornton
- **Formerly:** Riverwood Taverns Limited
- **Incorporated:** 1993-05-14
- **Location:** Northampton
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action

## From the administrators' statement

In June 2012, Frank Dowling, as director of GITL, sought the advice of an insolvency practitioner The advice received was that GITL was insolvent and should be placed into creditors’ voluntary liquidation

Notwithstanding the aforementioned advice, GITL continued to trade for over 12 months and, at the same time, a number of companies were incorporated in Scotland with the intention that these new companies would acquire the trading businesses (examples of which can be seen at paragraph 3 5 above) Further companies appear to have been formed into which the leases owned by the Company were to be transferred A review of the books and records of the Company indicates this did happen in the case of the Admiral Hardy and that no cash was received for the transfer but the process had not concluded on all the leases at the time the Joint Administrators were appointed

The trading businesses were transferred from GITL into the Scottish companies incorporated to run each site and no consideration appears to have been paid to GITL in respect of goodwill, stock and money on site in the form of takings and floats

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02818037/filing-history/MzA5MzQ0ODA3N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02818037

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