Georges Tradition (Holdings) Limited (04488077): administration
- Status
- Administration ended
- Administration began
- 2022-04-29
- Administrators
- Arvindar Jit Singh, Raj Mittal
- Administrators' firm
- FRP Advisory
- Formerly
- Georges Tradition Limited; Falcon Independent Limited
- Incorporated
- 2002-07-17
- Location
- Birmingham
- Industry
- 47290 Other retail sale of food in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 17 July 2002 and registered at Unit 5 Royal Glen Park, Chellaston, Derby, DE73 5XE.
The Company is a holding company which holds an investment in GTL, a company that operated leasehold fish and chip shops and one freehold pub under the branding “Georges Tradition”.
GTL along with the Company formed part of a wider group with GTB (the latter with certain common directors/ shareholders). FTI, one of the Group’s secured lenders, had provided significant funding for the Group's development over recent years, in particular to support a former casual dining operation (see further details below). The Company also had secured debt funding from HSBC.
Administrators' statement of proposals (2022-06-23) · Companies House register