Carltons (Bar & Restaurant) Limited (05795133): administration
- Status
- Administration ended
- Administration began
- 2013-04-05
- Administrators
- Michael Ian Field, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2006-04-25
- Location
- Fareham
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Weak consumer demand
From the administrators' statement
The company was incorporated in April 2006 In order to run “90 Degrees” bar and “Carltons” restaurant at 24 Carlton Place, Southampton At that time the directors were Nikolas Raftopoulos and Franco Fantini, who were also 50% shareholders
The company entered into a 35 year lease at the premises from February 2007 and the business commenced trading in September 2007, the commencement being delayed as the builder carrying out the refit work had gone into administration
The directors soon recognised that the restaurant was not going to work in the area and so they converted the restaurant to what is now known as "Penthouse’” to facilitate catering functions and upmarket “VIP” socialising The company sub-contracted to external promoters in order to increase footfall to compete with local venues in the area
Administrators' statement of proposals (2013-05-23) · Companies House register