Iberica Food & Culture Limited (06256137): administration and why it failed

Iberica Food & Culture Limited (06256137): administration

Status: In administration
Administration began: 2024-12-13
Administrators: Stephanie Sutton, Gordon Thomson
Administrators' firm: RSM
Incorporated: 2007-05-23
Location: London
Industry: 56101 Licenced restaurants

Why it went into administration

Sustained trading losses
Funding withdrawn / unable to refinance
Weak consumer demand
Rising costs / inflation
Brexit
COVID-19

From the administrators' statement

Relevant extracts from the Company’s statutory and management accounts are summarised below

£000

FY22 FY23 *FY24

Administrators' statement of proposals (2025-01-02) · Companies House register

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Iberica Food & Culture Limited (06256137): administration

Why it went into administration

From the administrators' statement

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Iberica Food & Culture Limited (06256137)