From the administrators' statement

In March 2020, the Directors were notified that the Company’s parent Vapiano SE was insolvent and no longer able to fund the working capital requirements and the expansion costs of the Company.

The directors of Vapiano SE appointed professionals in Germany to take steps to place Vapiano SE into Administration via the German insolvency process and commenced a targeted marketing exercise to find a purchaser for the business and assets, including the Vapiano franchise and brand. .

As a result of the demise of Vapiano SE, the Directors of the Company engaged Duff & Phelps to look at preparing a short term cash flow forecast together with an options review, to ascertain whether the UK business could work as a stand-alone Company. .

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Vapiano Limited (05864690)

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