# RNT 2 (UK) Limited (06045890)

> Why UK company 06045890 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06045890

- **Status:** Administration ended
- **Administration began:** 2019-02-21
- **Administrators:** Situl Devji Raithatha
- **Administrators' firm:** Springfields Advisory
- **Incorporated:** 2007-01-09
- **Location:** Leicester
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 9 January 2007 and in December 2017 it began operating Pizza Hut Franchises under Franchise Agreements with Yum! Il (UK) Limited (“Yum”). Prior to operating the franchises, the Company acted as a holding company for other companies in the group. Five units were opened on 14 December 2017 with a further unit opened in Crookes, Sheffield, on 26 Apri! 2018. A seventh unit was opened at 624 Osmaston Road, Derby, on 20 May 2018.

The Company was part of a group of companies referred to as the RNT Group (“the Companies”), which operated a combined total of seventeen units. The sole director and ultimate beneficial owner of the Companies is Farhat Faheem, who had a wealth of experience in the food industry prior to establishing the businesses. The acquisition, fit out and operation of the units was funded through personal loans, asset finance agreements, a secured joan, and unsecured loans from secondary lenders. There were also intercompany loans between the Companies.

The Companies employed a combined total of 273 members of staff, which included 103 employees of the Company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06045890/filing-history/MzIzMDQwNDc0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06045890

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