MCM Bars Limited (06376190): administration
- Status
- Administration ended
- Administration began
- 2012-03-20
- Incorporated
- 2007-09-19
- Location
- Altrincham
- Industry
- 7487
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
MCM Bars Limited was incorporated on 19 September 2007 to purchase the business and assets of Cafe Centro from its previous owners Centro North Limited of Middleton
It is understood that the business and assets were purchased by MCM Bars Limited from Centro North Limited for £145,000 The consideration paid for the lease was £1 with the balance being attributable to the goodwill of the business and the fixtures and fittings
The Company traded as a public house under the style “Bar Centro” situated in a good location in the Northern Quarter, Manchester The public house had a capacity of approximately 150 people and the directors wanted to market tt as the cheapest bar in the Northern Quarter, approximately 20% cheaper than their main competitors in the area
Administrators' statement of proposals (2012-05-17) · Companies House register