Cornpath Limited (03880497): administration and why it failed

Cornpath Limited (03880497): administration

Status: Administration ended
Administration began: 2011-10-12
Administrators: Paul Bates, Francis Graham Newton
Administrators' firm: BDO
Incorporated: 1999-11-19
Location: Water Lane
Industry: 5540

Why it went into administration

Weather / natural events
Sustained trading losses
Funding withdrawn / unable to refinance
Cash flow / liquidity pressure
HMRC / tax arrears
Parent or group failure

From the administrators' statement

The Group operated 17 bars (16 of which are owned by the Group) across the Midlands and the North of England with trading units split between three companies as follows:

• Dukedom Limited - ten units,

• Cornpath Limited - six units; and

Administrators' statement of proposals (2011-12-15) · Companies House register

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