# MED Kitchen Properties Limited (05224776)

> Why UK company 05224776 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05224776

- **Status:** Administration ended
- **Administration began:** 2012-11-23
- **Administrators:** Martha Honara Thompson, Antony David Nygate
- **Administrators' firm:** BDO
- **Incorporated:** 2004-09-07
- **Location:** London
- **Industry:** 7487

## Why it went into administration

- Creditor pressure / legal action
- Weak consumer demand
- Cash flow / liquidity pressure
- HMRC / tax arrears

## From the administrators' statement

MKP and 4S Soho were incorporated on 7 September 2004 and 24 January 2005 respectively The companies operated restaurants under the ‘Med Kitchen’ brand via two teasehold premises, both based in London MKP traded from Old Compton Street (“OCS”) and 4S Soho from Gloucester Road (“GRD”).

Since the economic downturn the restaurants had struggled with the challenging prevailing conditions of increasing commodity costs and decreasing levels of consumer spending.

The companies faced increasing cash flow constraints and accordingly creditor balances increased with c.£250k owed to HM Revenue & Customs (“HMRC”) in respect of historic liabilities On 24 June 2012 HMRC issued winding-up petitions against the compames

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05224776/filing-history/MzA3MTU0NjcwNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05224776

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