Public House Properties Limited (05803537): administration
- Status
- Administration ended
- Administration began
- 2012-07-06
- Administrators
- Robert Alexander Henry Maxwell, Rob Sadler
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-05-03
- Location
- Leeds
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in May 2006 and began operating public houses within small local communities in the Yorkshire area The Company owns nine public houses, six of them are tenanted and three unoccupied
In June 2012, the Company’s secured lender, the Bank of Scotland (‘the Bank") approached Begbies Traynor in order to provide the Company with advice as it was apparent that the Company was unable to meet its liabilities as and when they fell due
The Company's loss of tenants and the downtum in the sector led to cashflow pressures and the Company being unable to service its loans
Administrators' statement of proposals (2012-08-21) · Companies House register