VTL Realisations 2023 Limited (05365085): administration
- Status
- Administration ended
- Administration began
- 2023-08-18
- Administrators
- Timothy Bateson, Ryan Kevin Grant
- Administrators' firm
- Interpath Advisory
- Formerly
- Vinoteca Limited
- Incorporated
- 2005-02-15
- Location
- Birmingham
- Industry
- 47250 Retail sale of beverages in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 2005 and is a UK based chain of wine bars operating out of five leasehold properties (Borough Yards, Chiswick, Farringdon, Kings Cross and City) across London.
Prior to our appointment, the Company employed approximately 150 members of staff. The Company had three directors as at the date of appointment.
2.2 Funding and financial position of the Company
Administrators' statement of proposals (2023-09-11) · Companies House register