# Vapiano Limited (05864690)

> Why UK company 05864690 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05864690

- **Status:** Administration ended
- **Administration began:** 2020-07-06
- **Administrators' firm:** Kroll
- **Incorporated:** 2006-07-03
- **Location:** Birmingham
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- COVID-19
- Property / lease costs
- Pension deficit
- Parent or group failure

## 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. .

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05864690/filing-history/MzI3NTU0MzE3MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05864690

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.