The Meynell PUB Company Limited (06388438): administration
- Status
- Administration ended
- Administration began
- 2012-10-10
- Administrators
- David Robert Acland, Steven John Williams
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-10-03
- Location
- Preston
- Industry
- 56101 Licenced restaurants
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company operates a public house/restaurant known as the Meynell ingram Arms from freehold property
The property ts a “destination” venue situated in the isolated rural village location of Hoars Cross, approximately seven miles from Burton on Trent It ts heavily reliant on its food offering and local reputation It ts approximately 2 5 miles from the recently opened National Football Centre known as St Georges Park The Directors described it as a “landmark” pub, “owned” by tts locals and the manager was key to success or otherwise
The business has not performed to expectations as a consequence of general recessionary factors and also increased local competition in particular from a nearby recently refurbished outlet As a consequence cash flow pressures ensued which have gave rise to VAT and PAYE arrears of circa £53,000 relating to VAT for the March and June quarters and August PAYE HMRC had agreed a time to pay arrangement for the March quarter but this was not maintained HMRC indicated they were considering winding up proceedings though the Directors were told the file was due for further review on 29" September
Administrators' statement of proposals (2012-12-06) · Companies House register