Aroma Restaurants Ltd (03420518): administration
- Status
- Administration ended
- Administration began
- 2012-03-28
- Administrators
- Carlton Malcolm Siddle, Lee Antony Manning
- Administrators' firm
- Deloitte
- Incorporated
- 1997-08-15
- Location
- London
- Industry
- 5530
From the administrators' statement
In August 2011 the director placed ail the restaurants on the market using a specialist agent, CDG, with a view to selling either as individual units or as a single portfolio of restaurants Interest was only received for a number of individual sites Prior to the administrations the restaurants at Wood Green and Wembley were sold, and the premises at Stevenage were sold back to the landlord The Northampton restaurant closed at the end of 2011
No formal offers were received for the remaining restaurants despite heavy reductions in the asking prices, and as cash flow tightened in early 2012, the Companies needed to seek protection from their creditors as it was not possible to generate further bank facilities
Following the above, Colin Wong, the director of the Companies, took steps to appoint Lee Antony Manning and Carlton Malcolm Siddle of Deloitte as Joint Administrators of the Companies
Administrators' statement of proposals (2012-05-28) · Companies House register