Bar Operations Limited (04100306): administration
- Status
- Administration ended
- Administration began
- 2011-06-21
- Administrators
- Ian David Green, Gillian Eleanor Bruce
- Administrators' firm
- PwC
- Formerly
- Vedra Leisure Ltd
- Incorporated
- 2000-11-01
- Location
- Leeds
- Industry
- 5530
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
PricewaterhouseCoopers LLP (“PwC”) were engaged by the secured creditor, HSBC Bank ple (“HSBC”), on 21 March 2011 to perform an independent business review (“IBR”) of the Company and three other companies, related by common owners and directors: Hoffman Inns Limited, Wylam Leisure Limited and Wylam Developments Limited (“the Group”) over which HSBC hold security in the form of legal mortgages and charges. HSBC do not hold security over Pullman Leisure Limited and, as such, it did not fall within the scope of the IBR A group structure 1s presented below.
Companies’ structure
Enc Robson 33% Anthony Gniffiths 33% Kevin Gettings 33%
Administrators' statement of proposals (2011-08-18) · Companies House register