Oddbins Properties Limited (05767051): administration
- Status
- Administration ended
- Administration began
- 2011-04-04
- Administrators
- Matthew David Smith, Lee Antony Manning
- Administrators' firm
- Deloitte
- Formerly
- Wine Cellar (UK) Limited
- Incorporated
- 2006-04-03
- Location
- London
- Industry
- 5225
Why it went into administration
- Property / lease costs
- Competition / price pressure
- Weather / natural events
From the administrators' statement
Oddbins’ principal business activity was the retatl and wholesale of wines, spirits, beers and related products Immediately prior to entering administration the company had 89 trading outlets across the United Kingdom and the Republic of Ireland, having closed some 40 stores in the previous month as part of a restructure to support a CVA proposal
In 2006, Oddbins Properties was incorporated as a 100% subsidiary of Oddbins to hold a combination of freehold and leasehold properties for sublet to Oddbins As of the date of appointment, Oddbins Properties held a total of 4 leasehold properties
Since August 2008, the Companies have been owned (or ultimately owned) by Ex Cellar Investments, a company owned and managed by the Companies’ Directors
Administrators' statement of proposals (2011-05-26) · Companies House register