PV Acquisition Realisations Limited (06070007): administration
- Status
- Administration ended
- Administration began
- 2019-01-22
- Administrators' firm
- KPMG
- Formerly
- Patisserie Acquisition Limited; Patisserie Holdings Limited; Pimco 2597 Limited
- Incorporated
- 2007-01-26
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- HMRC / tax arrears
- Management failings / irregularities
- Creditor pressure / legal action
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated on 26 January 2007 and was a non-trading subsidiary of the Group. The Company owned the freehold title of the property on Sarehole Road in Birmingham, which housed the main Patisserie Valerie bakery and the Group’s head office. It also held a number of leases for Patisserie Valerie cafes.
The Company had no employees and its registered office was located at the Group's head office on Sarehole Road in Birmingham.
In October 2018, following the presentation of a petition by HMRC to wind up Stonebeach Limited, it was discovered that material accounting misstatements had been made in the Group’s audited accounts.
Administrators' statement of proposals (2019-03-29) · Companies House register