The Ever SO Sensible Bars Limited (03963091): administration
- Status
- Administration ended
- Administration began
- 2013-01-07
- Administrators
- Christopher Robert Pole, Richard James Philpott
- Administrators' firm
- KPMG
- Formerly
- Barnton Limited
- Incorporated
- 2000-04-03
- Location
- Nottingham
- Industry
- 5540
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company entered a Company Voluntary Arrangement (“CVA”) in January 2011, following a period of poor trading, particularly at now closed venues in Sheffield, Huddersfield and Coventry
Having initially met CVA forecasts in 2011 and the early part of 2012, trading performance declined during the spring and summer of 2012, attributed to challenging conditions 1n the leisure sector As a consequence, the Company struggled to meet obligations to the CVA, trade creditors and HM Revenue and Customs The initial CVA was modified with the approval of creditors during this period to reflect the challenges facing the Company
As part of the development of new strategies for the Company, KPMG were initially engaged by the Company, at the request of the Bank, on 25 July 2012 to comment on the Directors’ proposals, conduct a review of the cash and trading position and consider the options available given the financial position
Administrators' statement of proposals (2013-03-06) · Companies House register