From the administrators' statement

The business was established in 2004 and commenced trading the bar known as the Llwyncelyn Hotel in Porth, Mid Glamorgan The business includes a dining area and function room, but does not offer accommodation

In 2008, the Company purchased a second pub in Porth, the New York Inn, which was subject to a fixed charge by the brewery, Heineken UK Limited Following poor trading results, and the resultant cash flow problems, Heineken UK Limited appointed an LPA Receiver to the New York Inn on 11 August 2010

The Company continued to expertence cash flow problems and, following negotiations with HM Revenue & Customs and an independent insolvency practitioner, it was decided that the Company would be unable to continue without making a compromise with tts creditors In February 2011 the Company entered a Company Voluntary Arrangement (“CVA”)

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Llwyncelyn PUB Company Ltd (05157377)

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