LPB Realisations 2020 Limited (03496444): administration
- Status
- Administration ended
- Administration began
- 2020-07-14
- Administrators
- William James Wright, Nicholas Holloway
- Administrators' firm
- Interpath Advisory
- Formerly
- Le Bistrot Pierre Limited; Sunday Afternoon Limited
- Incorporated
- 1998-01-21
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Le Bistrot Pierre Limited was incorporated on 21 January 1998 under the name ‘Sunday Afternoon Limited’, before being renamed to ‘Le Bistrot Pierre Limited’ on 25 May 2005. The Company's primary activity was the management and operation of 25 French-style restaurants across the UK.
The Company had a turnover of approximately £34.7 million and employed a total of 806 Staff at the date of the Joint Administrators’ appointment.. The Company recognised £0.6 ‘million EBITDA for the year ended 30 June 2020 (2019: £2.5 million).
The Company’s immediate parent is Beacham Whitehead Holdings Limited, which is itself owned by parent holding companies Newincco 1386 Limited and Newincco 1382 Limited (together the ‘Group. The Company’ S group structure .is set out below:
Administrators' statement of proposals (2020-08-12) · Companies House register