Mood Bars (UK) Limited (05523178): administration
- Status
- Administration ended
- Administration began
- 2012-01-12
- Administrators
- Anne Clare O'Keefe, Ryan Kevin Grant, Simon Wilson
- Administrators' firm
- AlixPartners
- Formerly
- GSA 1968 Limited
- Incorporated
- 2005-07-29
- Location
- Leicester
- Industry
- 5510
From the administrators' statement
The principat trading activity of the Company is the operation of licensed premises and the Hotel. KoKo’s trades as a nightclub and The Shakespeare as a traditional pubtic house, both from the premises at 45 Warwick Street, with TJ’s operating as a sports bar at 45-47 Bath Street, which is also the location of the Hotel, an 18 bedroom budget hotel.
The Company had granted a debenture in favour of Bank of Scotland plc (the Bank), which was Created on 27 February 2008, conferring fixed and floating charges over all assets and undertakings. In addition, the Bank holds legal charges over the properties from which the Company operates, both of which were held in the personal name of the director.
Detaited financial information with regards to the Company’s trading performance is not available, although management information implies that the Company had recently traded profitability. However, despite appearing to be profitable at an operating level, the Company had failed to make repayments to the Bank in accordance with the agreed facilities since 20 July 2010.
Administrators' statement of proposals (2012-03-13) · Companies House register