United PUB Company Limited (04448928): administration
- Status
- Administration ended
- Administration began
- 2012-07-04
- Administrators
- Julian Pitts, Mark Robert Fry
- Administrators' firm
- Begbies Traynor
- Formerly
- Cobco (464) Limited
- Incorporated
- 2002-05-28
- Location
- Halifax
- Industry
- 56302 Public houses and bars
From the administrators' statement
The Company was incorporated in May 2002 as part of a wider property portfolio amassed over a number of years in the leisure industry by the director, Philip Barker The portfolio, of which the Company formed a small part, was funded principally through significant lending from Santander UK Bank pic (‘the Bank”)
Recently, the portfolo as a whole began to experience financial difficultes as a consequence of the economic downturn affecting the leisure industry In addition, the alleged behaviour of a number of third parties dunng dealings with the director also directly contributed to the detenorating financial plight of the Company It 1s alleged that certain transactons were entered into, that have resulted in claims against other parts of the portfolio, or the director personally These allegations are being investigated by the appropriate authorities, but although they impacted on the Company by the wider funding issues of the portfolio, it is understood that this Company was not directly affected by the alleged actions
This culminated in the director approaching the Bank in an attempt to discuss possible restructuring alternates, and following these discussions, Mr Barker decided to approach Begbies Traynor to seek insolvency advice
Administrators' statement of proposals (2012-09-03) · Companies House register