Viaduct Leisure Limited (05331780): administration
- Status
- Administration ended
- Administration began
- 2020-07-31
- Incorporated
- 2005-01-13
- Location
- Hale
- Industry
- 56302 Public houses and bars
Why it went into administration
- COVID-19
- Property / lease costs
From the administrators' statement
The Company had traded profitably for a number of years, however the bar was forced to close in March 2020 due to the outbreak of Covid-19, declared by the World Health Organisation as a “Global Pandemic” on 11 March 2020, and the lockdown restrictions imposed by the government.
As there has been no revenue coming through since March 2020, bills continued to mount in terms of rent, utilities, and management costs as well as other outstanding trading debts.
Along with this, key directors resigned over the period who had years of experience in their respective fields.
Administrators' statement of proposals (2020-08-21) · Companies House register