The Barracuda Bars Company Limited (04286257): administration
- Status
- Administration ended
- Administration began
- 2012-09-27
- Administrators' firm
- PwC
- Incorporated
- 2001-09-12
- Location
- Leeds
- Industry
- 56302 Public houses and bars
Why it went into administration
- Funding withdrawn / unable to refinance
- Rising costs / inflation
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Companies are within the wider Group, which was formed in 2000 and operated around 218 public houses and bars across England, Scotland and Wales We have provided a company structure for you at Appendix C to help you understand what's happened
As well as the OpCo companies I mentioned above, the Group also included a number of property companies (“PropCo”), which owned certain properties leased to OpCo companies
The trading companies were 2000, Pub Co and Bars Co Their assets were mostly leasehold interests in pub premises, cash floats, fixtures and fitings and debts between the companies Inns, Leisure and 2005 were holding companies and their investments were in various operating subsidiaries and debts between the companies 2005 also had shares in PropCo Pub Group was the non-trading overall holding company of the Group
Administrators' statement of proposals (2012-11-26) · Companies House register