# Black Sheep Bars Limited (04136395)

> Why UK company 04136395 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04136395

- **Status:** In administration
- **Administration began:** 2007-11-23
- **Administrators:** Terry Evans, Victor Henry Ellaby
- **Administrators' firm:** Assets Recovery and Insolvency
- **Incorporated:** 2001-01-05
- **Location:** Bristol
- **Industry:** 5540

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action

## From the administrators' statement

As a result of the continued bad trading a large debt accrued to H M Revenue and Customs (“HMRC”) On 8 June 2007 HMRC presented a winding-up petition to the Court

The petition debt was in the sum of £47,819 20 One half of this sum, £23,909 06 had been paid by the Company At the initial hearing of the petition on 5 September 2007 the matter was adjourned The Company was unable to pay the remaining petition debt

The value of the Company was in the ongoing leases of the trading units and the goodwill attached By placing the Company into administration it was hoped that this value could be preserved and realised for the benefit of the Company’s creditors as a whole This value would have been lost if the Court had made a winding-up order on the HMRC petition, which would have resulted in the three bars ceasing to trade and being closed with the total loss in value of the Company’s assets

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04136395/filing-history/MjAwNTYzNDA4MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04136395

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.