Yales Leisure Limited (03601651): administration
- Status
- Administration ended
- Administration began
- 2013-11-13
- Administrators
- Christopher Robert Pole, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Incorporated
- 1998-07-21
- Location
- Nottingham
- Industry
- 56302 Public houses and bars
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Yales was incorporated in 1998 and operates a café bar, nightclub and live music venue in Wrexham out of two freehold Properties, Central Station and South Central
Barclays had extended total facilities of approximately £705,000 to Yales, made up of loans against the two freehold properties and an overdraft facility
The business suffered badly in the wake of the recession and the overall decline in the licensed trade Following losses in 2011 and 2012, the position had continued to worsen with further losses expected in 2013
Administrators' statement of proposals (2014-01-09) · Companies House register